Mexicana Airline Makes Bid For Rival Carrier Aeromexico

Posted on: October 3rd, 2007
Filed Under: [ Business ] [ Hispanic News ] [ Non-US News ] [ Blogante Business ]
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“Mexican airline Grupo Mexicana raised the stakes Wednesday in the battle to acquire rival carrier Consorcio Aeromexico sab ( AMEXICO.MX), offering 2.19 pesos ($0.20) a share.

“Grupo Mexicana’s offer is 25% above the highest offer presented to the stock exchange by other investment groups,” Mexicana said in a statement.

The offer is equivalent to MXN2.17 billion or about $200 million for all of Aeromexico.”

Read more: http://money.cnn.com
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