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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
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.