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Empresas Gamesa

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BUSINESS
October 2, 1990 | From Times Wire Services
PepsiCo Inc. said today it has bought more than 70% of Empresas Gamesa for about $300 million, giving the big U.S. beverage and snack foods firm a majority stake in Mexico's largest cookie manufacturer. The acquisition is PepsiCo's second-largest international food acquisition. It ranks behind the 1989 purchase of two British snack chip makers, Smiths Crisps and Walkers Crisps, for $1.35 billion from the French company BSN.
BUSINESS
April 4, 1993 | JAMES FLANIGAN
"If it's cheap to borrow Australian dollars, we'll borrow in Australia. But the client doesn't want Australian dollars so we swap for U.S. dollars, at fixed rates. But the spread between long-term and short-term rates is huge so we swap fixed for floating rate so the client now has U.S. dollars and an interest rate at the 3% range rather than the 7% level--and he can change his mind later if he wants to."
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