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India's Sesa Sterlite Takes $83M Hit Over Failed Asarco Deal

By Andrew Scurria ( August 20, 2014, 5:38 PM EDT) -- A Texas federal judge has refused to grant Indian natural resources major Sesa Sterlite Ltd. a reprieve from a $83 million judgment arising from its aborted $2.5 billion deal to buy Asarco LLC out of bankruptcy in 2008, ruling that it can't prioritize payments due to noteholders over its debt to Asarco....

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