"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."
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Monday, June 27, 2011
Asarco merger rumors
Posted by Elpaso at Monday, June 27, 2011