ASBESTOS UPDATE: Sterlite Ind. Revises Asarco Offer on Sept. 10

Sterlite Industries (India) Limited, on Sept. 10, 2009, revised its offer to purchase the operating assets of Asarco LLC to US$2.565 billion payable fully in cash, according to a Company report, on Form 6-K, filed with the Securities and Exchange…

ASBESTOS LITIGATION: Sterlite USA Agrees to Represent Claimants

Sterlite Industries (India) Limited’s subsidiary in the United States, Sterlite (USA), Inc., on June 12, 2009, agreed with the representatives appointed under ASARCO LLC’s reorganization proceedings under Chapter 11 of the U.S. Bankruptcy Code to represent all persons with asbestos…

ASBESTOS LITIGATION: Sterlite Signs Deal to Buy ASARCO’s Assets

Sterlite Industries (India) Limited, on March 7, 2009, announced that it has signed a new agreement with ASARCO LLC, a Tucson- Ariz.- based mining, smelting and refining company, for purchase of substantially all the operating assets of Asarco, according to…