Wednesday, August 4, 2010
ASARCO Bondholder Citigroup's head of Latin America team handled CEMEX acquisition of RMC and a 1.1 Billion$ offer for Grupo Mexico S.Peru Corp.
"John Boord heads Citigroup Global Markets' Latin America Investment Banking
team....The Citigroup Latin America Investment Banking
team has recently been involved in a number of high-profile transactions
- advising Cemex on the acquisition of RMC Group PLC in Europe,....and a $1.1 billion
offering for Southern Peru Copper scheduled to come to market next week."
"A Caribbean investment company has sued to collect on a $12-million loan ...the property is held in trust by Swiss company Asarco A.G., which Mr. Mikhail [Katamanin] controls, according to the complaint and public records....lawyer Irving Drobny, who represents Asarco, is out of the country until next week, according to employees at his office....The claim also is to be arbitrated in Switzerland, according to the complaint."
March 2010 Philadelphia Inquirer .. discussing the “furor” over the involvement of the Chinese government in Morgan Stanley’s casino project Atlantic City
"Reveling in Your Money
Posted: Tue, 30 Mar 2010 17:27:13 +0000
As we wait to see if Governor Christie will sign the bill that takes away the voter's right of referendum on a proposed $300 million tax break for Morgan Stanley's casino, two excellent new articles came out about the issue.
Paul Mulshine, an editorial writer with the Star Ledger, penned a piece entitled "Atlantic City's Revel casino: Wall Street's Reveling in your money." In the piece, Mulshine wrote:
The prime backer of the half-finished Revel casino, Morgan Stanley, has put together a financing deal that relies on funding from the Chinese government. Yes, you read that right. The geniuses in Trenton are preparing to give a giant grant to a consortium of commies and Wall Streeters.
But as Doherty points out, both the Chinese and Morgan Stanley have plenty of money at the moment. Morgan Stanley got $10 billion in bailout funds, he said, so there's no reason they can't finish the project on their own.
Meanwhile, the Philadelphia Inquirer has a new article discussing the "furor" over the involvement of the Chinese government in Morgan Stanley's casino project."
ASARCO AMC SOUTHERN COPPER merger agreement being advised by Morgan Stanley and Skadden, Arps, Slate, Meagher & Flom LLP
..."Our proposal is conditioned on, among other things: the negotiation and execution of a mutually satisfactory definitive merger agreement and related agreements and the satisfaction of the conditions set forth therein; the recommendation of the Transaction, the terms thereof and any agreement or agreements relating thereto by a committee of independent directors of Southern Copper to the Board of Directors of Southern Copper; approval of the Transaction and definitive merger documentation by the Boards of Directors of Southern Copper and Grupo México and the Board of Directors and sole stockholder of AMC; AMC’s satisfaction, in its sole discretion, with the results of its due diligence review of Southern Copper; receipt of any governmental and of existing lender and other third-party consents and approvals; and the absence of a material adverse change in the business, results of operations, financial condition, assets, liabilities and prospects of Southern Copper.We have assembled a team of advisors including Morgan Stanley and Skadden, Arps, Slate, Meagher & Flom LLP..."
Tuesday, August 3, 2010
" 'Records of the chemicals processed at the plant have been incomplete and in most cases unavailable...' 'People want to cover it up, take down the smokestacks and forget this ever happened,' ...'They (employees) gave this company decades of their healthy years, and all they get is pain.' Calls to the Asarco headquarters in Tucson seeking comment for this story were not returned."
"Worker at carbon black plant. Sunray, Texas, 1942. Reproduction from color slide. Photo by Worker at carbon black plant John Vachon. Prints and Photographs Division, Library of Congress"