Brazil OSX reaches $1.5 billion deal on OGX contracts termination

RIO DE JANEIRO (Reuters) - OSX Brasil SA will take a 7.0 percent stake in sister company Óleo e Gás Participações SA after agreeing to convert $1.5 billion of debt into stock, a step key to help...

from Reuters: Deals http://feeds.reuters.com/~r/news/deals/~3/AJj79I0jo8U/us-brazil-batista-osx-idUSBRE9BP06N20131226