Judgment to order stock returned to Asarco
ARTHUR H. ROTSTEIN
Associated Press Writer
TUCSON, Ariz. (AP) - A federal judge in Texas has ordered a subsidiary
of mining giant Grupo Mexico SAB to return stock in a Peruvian mining
company once owned by Tucson-based copper miner Asarco LLC, now going
through bankruptcy reorganization.
An attorney and company officials said the damages award to Asarco -
including the return of stock - was valued at more than $6 billion."
http://www.dailymail.com/ap/ApTopStories/200904021332
also see
http://www.reuters.com/article/marketsNews/idUSN0225608820090402
"MEXICO CITY, April 2 (Reuters) - Grupo Mexico shares plunged 15 percent
on Thursday after a U.S. court ordered the company to surrender the bulk
of its stake in Southern Copper and pay more than $1 bln in
damages.....Grupo Mexico... has said it was still interested in taking
back control of Asarco."
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