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India's Sterlite in $1.1 bln deal for Asarco

Fri Mar 6, 2009 11:12pm EST

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NEW DELHI, March 7 (Reuters) - India's Sterlite Industries Ltd (STRL.BO) will buy bankrupt U.S. copper miner Asarco LLC for $1.1 billion in cash and $600 million in notes, the latter paid over a period of nine years, the Indian firm said on Saturday.

Stocks  |  Mergers & Acquisitions

The figure is lower than a sum of $2.6 billion Sterlite offered last year before backing out of that deal. (Reporting by Devidutta Tripathy; Editing by Clarence Fernandez)



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