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News Breaks | | | | October 9, 2012 | | 07:27 EDT |  | SCCO, GMBXF | Grupo Mexico to pay $2B judgment to Southern Copper, Reuters reports
Grupo Mexico (GMBXF) will pay a $2B judgment in cash to Southern Copper (SCCO), ending a seven-year legal battle with Southern Copper's minority shareholders, Reuters reports, citing comments from Grupo Mexico's general counsel. The cash will be raised via a syndicated loan, with Grupo Mexico foregoing an option to pay in stock, Reuters adds. Reference Link | |
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