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Strategies & Market Trends : ICA - Empresas ICA (Mexican Construction Co.)
ICA 0.5670.0%Jul 11 5:00 PM EST

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To: OldAIMGuy who wrote ()5/4/2000 9:31:00 AM
From: OldAIMGuy  Read Replies (1) of 9
 
News -

The ADRs of Mexico's Empresas ICA (NYSE: ICA) rose after the company announced it cashed in $245.3 million in promissory notes received as part of a 1997 government highway bailout.

ICA plans to use most of the proceeds of the sale of these PICs to help reduce high-cost, short-term debt.

Best regards,Tom
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