June 5, 2009

ASBESTOS LITIGATION: Grupo Mexico Places $2.9Bil Bid for Asarco

COMPANIES: Asarco LLC | Grupo Mexico SA de CV
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Grupo Mexico S.A.B. de C.V., on June 2, 2009, said it is offering US$2.9 billion to take its U.S.-based copper unit, Asarco LLC, out of Chapter 11 bankruptcy, The Wall Street Journal reports.

In the 1930s, Grupo Mexico acquired control of…

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