Global Indian MA Shearman and Sterling still on the job as Sterlite increases bid for Asarco

Bar & Bench September 11 2009

Indian mining giant, Sterlite Industries, today increased its bid for Asarco Industries to $2.56 billion (Rs. 12,200 Crores), topping rival Grupo Mexico's $2.47 billion bid (Rs. 11,856 Crores). The revision comes in the wake of an order by Texas Bankruptcy judge, Richard Schmidt, recommending Grupo Mexico's bid.

Sterlite Industries is being advised by US heavyweight, Shearman & Sterling LLP, led by Partners Adam Givertz, Douglas Bartner and William J.F. Roll III. Asarco's legal advisors are Baker Botts LLP led by M . . .

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