ASARCO ANNOUNCES STOCK OFFERING.NEW YORK--(BUSINESS WIRE)--Nov. 17, 1994--ASARCO Incorporated (NYSE NYSE See: New York Stock Exchange : AR) announced today the public offering of 9.5 million shares of common stock at $28.00 per share in a broadly distributed international offering. All of the shares are being sold by M.I.M. Holdings Limited. CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. and S.G. Warburg & Co. Inc. are the managers of the U.S. syndicate offering of 6.65 million shares and CS First Boston and S.G. Warburg Securities are the lead Managers of the international offering of 2.85 million shares. M.I.M. has granted the Underwriters and Managers an option to purchase up to an additional 853,363 shares to cover over-allotments, if any. The Company will not receive any of the proceeds from the sale of Common Stock by M.I.M. Asarco is one of the world's leading producers of nonferrous metals. The principal metals Asarco produces are copper, lead, zinc, silver and gold. Asarco also produces specialty chemicals and minerals and provides environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, . Asarco has substantial equity interests in three mining companies: 52.3% in Southern Peru Copper Corporation, 15.5% in M.I.M. Holdings Limited and 23.6% in Grupo Mexico, S.A. de C.V. CONTACT: Jerry W. Cooper Jerry W. Cooper (born August 6, 1948 in McMinnville) is a Tennessee Democrat politician and a member of the Tennessee Senate for the 14th district, which encompasses Franklin, Bledsoe, Coffee, Grundy, Sequatchie, Van Buren, and Warren counties. , Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. ASARCO Incorporated, 212-510-1810 |
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