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Article: Bankruptcy Court Recommends Parent Plan in ASARCO LLC Reorganization.
- Article from:
- Mining & Minerals
- Article date:
- September 18, 2009
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Today, Judge Richard Schmidt of the U.S. Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, issued a formal recommendation to confirm the reorganization plan sponsored by Americas Mining Corporation and ASARCO Incorporated, the parent companies of ASARCO LLC. The Court issued the ruling after a two and a half week confirmation hearing.
The judge's recommendation proposes that the federal district court approve the parent companies' plan rather than the one filed by the debtor, ASARCO LLC and its sponsor, Sterlite (USA), Inc.
"Our Board will consider the court's recommendations and findings and then, in consultation with our ...
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Article: Sterlite Industries India Limited Revised Offer to Purchase ...
India Business Newsweekly;
August 25, 2009 ;
700+ words
... ... Limited, has changed its bid to purchase operating assets of Asarco LLC. The revised consideration includes (a) Cash of US ... paid in full including post petition interest. Keywords: Natural Resources, Mining and Minerals, India, Minerals, Mining, Mining ...
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