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Wednesday, August 4, 2010

March 2010 Philadelphia Inquirer .. discussing the “furor” over the involvement of the Chinese government in Morgan Stanley’s casino project Atlantic City

"Morgan Stanley is the financial adviser to Grupo Mexico, and Skadden Arps Slate Meagher & Flom LLP is the company's legal counsel."

http://www.bloomberg.com/news/2010-07-23/grupo-mexico-proposes-combining-asarco-southern-copper-mining-operations.html

"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

SEC filing for AMC ASARCO SOUTHERN COPPER merger includes the following exhibit: 99.1

..."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..."