Mexico-based homebuilder Desarrolladora Homex (HXM +34.4%) ramps higher midday after saying it...

|About: Desarrolladora Homex, S.A.B... (HXM)|By:, SA News Editor

Mexico-based homebuilder Desarrolladora Homex (HXM +34.4%) ramps higher midday after saying it is selling its stakes in some Mexican penitentiaries to Carlos Slim for $327M. The sale could markedly improve the company's liquidity situation — it has $250M in senior notes coming due in two years and has been suffering through "challenging times," to quote the firm's CEO.