Grupo Mexico Pressures Asarco Board For Documents

Law360, New York (May 22, 2008, 12:00 AM EDT) -- Hoping to bid on Asarco LLC's assets in the near future, mining company Grupo Mexico SA de CV has blasted the unit's independent board for refusing to turn over documents that would enable the parent company to determine the bankrupt U.S. subsidiary's true value.

On Wednesday, Grupo Mexico chided the board for withholding the material, calling it a sign that the group was not taking the company's offer for the beleaguered unit seriously, Reuters reported.

"The company believes that the refusal to provide information is further...
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