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INDIA'S STERLITE TO ACQUIRE US-BASED ASARCO FOR US$2.6 BLN.
MUMBAI, June 2 Asia Pulse - Metal major Sterlite Industries (India) (BSE:500900) on Saturday inked a definitive agreement to acquire US-based Asarco LLC for US$2.6 billion in cash, which would be the largest buyout abroad by an Indian company this year.
Asarco, formerly known as American Smelting and Refining Company, is the third largest copper producer in the US.
"We are delighted to have reached at agreement on this important acquisition, which is a significant milestone for our group," Sterlite's chairman Anil Agarwal said in a release.
The agreement is subject to the approval of the US Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, the release said.
A ...
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- Sterlite to acquire US-based Asarco for USD 2.6 bn.
- News wire article from: PTI - The Press Trust of India Ltd. May 31, 2008 700+ words
Sterlite to acquire US-based Asarco for USD 2.6 bn Mumbai, May 31 (PTI) -- Metal major Sterlite...India) today inked a definitive agreement to acquire US-based Asarco LLC for USD 2.6 billion in cash, which would be the largest...
- INDIA'S STERLITE REACHES AGGREEMENT WITH UNION OF US-BASED ASARCO.
- News wire article from: AsiaPulse News July 11, 2008 700+ words
...500900), which has announced acquisition of US-based Asarco LLC, today said it has reached an agreement with the...buyout. "The unions representing the workers of Asarco LLC and Sterlite Industries, a subsidiary of Vedanta...
- Asarco LLC in talks to sell Denver metals plant.
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Byline: Steve Raabe Jul. 20--Asarco LLC said Wednesday it is negotiating with an unidentified developer...metals plant and redevelop the north Denver site. Tucson-based Asarco said last week it will close the plant that has a long history...
- Asarco LLC stops paying disability pensions to 117 former workers.
- Newspaper article from: AZ Daily Star (Tucson, AZ) September 21, 2005 700+ words
Byline: Thomas Stauffer Sep. 21--Tucson-based Asarco LLC has stopped paying disability pensions to 117 former workers, many of whose careers ended with on-the-job injuries. Company...
- Tucson, Ariz.-based Asarco CEO resigns.
- Newspaper article from: AZ Daily Star (Tucson, AZ) October 28, 2005 700+ words
Byline: Thomas Stauffer Oct. 28--Tucson-based Asarco LLC announced Thursday that President and CEO Daniel Tellechea resigned Wednesday evening. A company press release said Asarco's...
- Tucson, Ariz.-based Asarco pays disability pensions.
- Newspaper article from: AZ Daily Star (Tucson, AZ) October 27, 2005 700+ words
Byline: Thomas Stauffer Oct. 27--Tucson-based Asarco LLC has resumed paying disability pensions to 117 former workers who had the money taken away after Asarco's August bankruptcy filing...
- Texas smelter under fire.(Asarco LLC )
- Magazine article from: Waste News Truini, Joe October 23, 2006 700+ words
...Environmentalists are dredging up old allegations regarding bankrupt Asarco LLC illegally burning hazardous waste at its El Paso, Texas...seven years to keep it ready for reopening. Tucson, Ariz.-based Asarco filed for protection under Chapter 11 of the U.S. Bankruptcy...
