Sterlite-Asarco buyout among 10th biggest

Sterlite-Asarco buyout among 10th biggest
PTI
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First Published: Sun, Mar 08 2009. 11 11 PM IST
Updated: Sun, Mar 08 2009. 11 11 PM IST
New Delhi: Anil Agarwal-led Sterlite Industries (India) Ltd’s $1.7 billion Asarco LLC buyout deal falls in the league of 10 biggest-ever merger and acquisitions deal involving an Indian firm and the largest so far in 2009.
This is despite the deal size falling by almost $1 billion, from a projected estimate of $2.6 billion in May, due to devaluation of mining assets and a sharp fall in copper prices.
Sterlite, the Indian arm of the London-based Vedanta Resources Plc. acquired Asarco this weekend.
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First Published: Sun, Mar 08 2009. 11 11 PM IST