NewsWhore
03-23-2009, 11:00 PM
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Gruma to Pay $668.3 Million to Close Derivatives (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaJptsoAyUf6g%26refer%3Dlatin_america&cid=1319577546&ei=z03IScWgMpqPsAass_3cDw&usg=AFQjCNEMF4Jnrhf64vq3B3l78UuWoU5EKQ)
Bloomberg
By Andres R. Martinez March 23 (Bloomberg) -- Gruma SAB, the world’s largest producer of corn flour, said it agreed to pay three banks $668.3 million to close out foreign currency derivatives that had a negative value after the peso plunged. ...
More... (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaJptsoAyUf6g%26refer%3Dlatin_america&cid=1319577546&ei=z03IScWgMpqPsAass_3cDw&usg=AFQjCNEMF4Jnrhf64vq3B3l78UuWoU5EKQ)
Gruma to Pay $668.3 Million to Close Derivatives (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaJptsoAyUf6g%26refer%3Dlatin_america&cid=1319577546&ei=z03IScWgMpqPsAass_3cDw&usg=AFQjCNEMF4Jnrhf64vq3B3l78UuWoU5EKQ)
Bloomberg
By Andres R. Martinez March 23 (Bloomberg) -- Gruma SAB, the world’s largest producer of corn flour, said it agreed to pay three banks $668.3 million to close out foreign currency derivatives that had a negative value after the peso plunged. ...
More... (http://news.google.com/news/url?sa=T&ct=us/2-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaJptsoAyUf6g%26refer%3Dlatin_america&cid=1319577546&ei=z03IScWgMpqPsAass_3cDw&usg=AFQjCNEMF4Jnrhf64vq3B3l78UuWoU5EKQ)