Southern Copper Investors Fight Grupo Mexico Deal

Law360, New York (August 18, 2010, 4:29 PM EDT) -- A plan by Grupo Mexico SAB de CV to merge its Americas Mining Corp. subsidiary, which in turn is the parent of the newly reorganized Asarco LLC, with Southern Copper Corp. is unfair to minority shareholders of Southern Copper, a pension fund has claimed in a putative class action.

The Oklahoma Firefighters Pension & Retirement System's complaint, lodged Monday in the Delaware Chancery Court, names Grupo Mexico CEO German Larrea Mota-Velasco and other company principals as defendants and claims the Mexico City-based mine holding giant has...
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