Harbinger Backed Sterlite in Asarco Acquisition
Sterlite Industries, the flagship firm of London-listed Vedanta, may get the support of rival bidder Harbinger Capital Partners in its takeover plan for the bankrupt US copper mining firm, Asarco. Harbinger has decided to withdraw from the race, informing the bankruptcy court that its plan to restructure Asarco should not be considered.
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Wed, Aug 5, 2009
Post by Mike Rodger, Copper Reporter