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2010-01-14 17:51:00

BUENOS AIRES, Argentina, Jan. 14 /PRNewswire-FirstCall/ -- Today, IRSA (NYSE: IRS; BASE: IRSA) has announced the acquisition of an option to purchase the totality of Parque Arauco's (SSE: PARAUCO) direct and indirect equity and debt stake in Alto Palermo S.A. (NASDAQ: APSA, BASE: APSA). IRSA has paid for the option USD 6 million to be credited against the final price, agreed by both parties, of USD 126 million. The option can be exercised until August 31, 2010, extendable to November 30...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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