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Bankruptcy judge backs Grupo Mexico bid for Asarco
A bankruptcy judge has recommended Sterlite Industries' latest $2.57 billion cash bid for Asarco LLC's assets be disregarded, saying it was filed after the deadline and a competing bid remains superior...Bankruptcy Judge Richard Schmidt said Sterlite could have submitted the bid before he recommended...
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READ MORE: Grupo Mexico, bankruptcy judge, Sterlite Industries, Asarco LLC, Lehman Brothers, India, Mumbai
News Stories
- News Source: Sify News | 2 months agoA bankruptcy judge has recommended Sterlite Industries' latest $2.57 billion cash bid for Asarco LLC's assets be disregarded, saying it was filed after the deadline and a competing bid remains superior...Bankruptcy Judge Richard Schmidt said Sterlite...
- News Source: Uinta County News | 2 months agoVedanta Group-owned Sterlite Industries has received another setback in its year-long tussle with mining giant Grupo Mexico to buy bankrupt US copper miner Asarco. A US bankruptcy judge on Thursday rejected attempts by Sterlite to sweeten its offer...
- News Source: Miami Herald | 2 months agoLehman sale approved A bankruptcy judge on Monday approved the sale of Lehman Brothers' prized investment management unit to a group of managers and employees. The sale was worth $922 million to the Lehman bankruptcy estate, a Lehman lawyer said. It...
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