Asarco bondholder seeking to buy company

The copper mining company Asarco, which filed for bankruptcy protection in 2005 due to over $1 billion in asbestos and environmental damage claims, has three companies vying for its control: Asarco’s parent company Grupo Mexico, India-based Sterlite Industries, and now bondholder Harbinger Capital, which filed its plan with the bankruptcy court last week. The court will hear Harbinger’s plan on June 5.