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Sterlite to acquire US-based Asarco

Published 06/02/08 Economy In Crisis - Print Article
E-mail - editor@economyincisis.org

Source Financialexpress.com:

Sterlite Industries (India) Limited, a subsidiary of London-based Vedanta Resources plc, on Saturday signed a definitive agreement with US-based Asarco LLC, a Tucson-based mining, smelting and refining company, to acquire substantially all the operating assets of the latter for a consideration of $2.6 billion. The asset acquisition will be financed by Sterlite through a mix of debt and existing cash resources.

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