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Sunday, November 22, 
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Entries tagged "Asarco"

In Asarco, the M&A battle rolls on

It seems as if the auction for bankrupt copper mining company Asarco will never end.


Vedanta positioning itself for HudBay run

India's Vedanta has silently built up a 9.5% stake in Canadian mining company HudBay Minerals Inc. to position itself for a takeover battle for the copper and zinc producer.


Asarco to receive more bids?

Even as Asarco LLC approaches its fourth year in bankruptcy, the fireworks in the copper miner's case assets haven't abated.


Asarco revises reorganization plan

Having recently struck a new purchase agreement and a billion-dollar settlement of environmental claims, bankrupt copper smelting and mining company Asarco LLC has cast a revised reorganization plan. Judge Richard Schmidt of the U.S. Bankruptcy Court for the Southern District of Texas in Corpus Christi is set to consider approval of the disclosure statement for the plan on April 28, said debtor counsel Jack Kinzie of Baker Botts LLP. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo,...


Does Asarco have a backup plan?

Asarco LLC's plan to exit Chapter 11 appears to have fallen apart, now that the $2.6 billion cash sale to Sterlite (USA) Inc. that its plan hinged on has unraveled. Could this mean that Asarco's nonbankrupt parent Grupo México SAB de CV's plan, which calls for a $2.7 billion cash payment plus another guaranteed $440 million payout, may have a leg-up at the Nov. 17 confirmation hearing? ...


Bankruptcy Update: Lehman Brothers, Asarco and more

Here are some of the latest bankruptcy stories our reporters have been covering Friday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....


Bankruptcy Update: Asarco, Lehman, Tropicana and more

Here are some of the latest bankruptcy stories our reporters have been covering Wednesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....


Setting the record straight on Asarco decision

In news circles, there's always pressure to be the first to break a story. But isn't it always better to get the story straight? Witness this week's news on bankrupt Asarco LLC and a federal judge's decision that its parent, Grupo Mexico SAB de CV, committed fraud in a $785 million prepetition sale. ...


Bankruptcy Update: SemGroup, Linens 'N Things, and more

Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...


Bankruptcy Update: ITG, Haven Eldercare, Zestra and more

Here are some of the latest bankruptcy stories our reporters have been covering Thursday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...


Legal surprise in Asarco case gives Grupo Mexico new life

Bankrupt Asarco LLC's parent has scratched and clawed to retain its prepetition ownership in its wayward unit. It finally may be paying off. ...


In Asarco, setting the record straight translates into name-calling

The epithets are flying in the bankruptcy of Asarco LLC, especially since the Tucson, Ariz.-based copper miner is pitted against its parent, Grupo Mexico SAB de CV, which it blames for its current stay in Chapter 11. In fact, most everyone -- especially the federal government, several states and anyone else who has environmental liability claims against Asarco and doesn't want to slow the momentum the company has built in settling them -- seems to be lining up against Mexico City-based Grupo Mexico nowadays....



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Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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