July 10, 2009

ASBESTOS LITIGATION: Grupo Mexico to Pay $1.46B Cash for Asarco

COMPANIES: Asarco LLC | Grupo Mexico SA de CV
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Grupo Mexico S.A.B. de C.V., in court papers, said that it agreed to pay US$1.46 billion in cash plus a US$280 million note to regain control of Asarco LLC, Bloomberg reports.

The case is styled In re Asarco LLC, 05-21207, U.S.…

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TOPICS: Asbestos | General News | Legal Issues, Litigation | Metal | Mining
LOCATIONS: Mexico | Texas | United States