"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Monday, June 27, 2011

Asarco merger rumors

"Re: Asarco     21-Jun-11 08:26 pm    
<<If the merger goes through, you can forget any signicant dividend. >>>

...Grupo owns almost 100% of AMC.   AMC [American Mining Corp.]owns 100% of Asarco and 80% of SCCO [Southern Copper Co.]. AMC borrowed 1.5 billion to get Asarco out of bankruptcy.................  No question: To the extent amc uses a scco dividend to pay debt we get 20% now and zip if this merger goes through."

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=13898&tid=59232&mid=59242&tof=12&off=1

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