ASARCO: Trying to stay independent amid a takeover wave.

This article focuses on the effort of ASARCO Inc. to avoid being acquired in the midst of takeover deals in the U.S. mining industry in March 1981. It explains that ASARCO could have been the first to be acquired had it not that chief executive officer (CEO) Charles F. Barber repurchase a 20% block of ASARCO stock that Bendix Co. had put up for sale. The repurchase cost the company 335 million dollars. The company considers the takeover trends as bad for the country.