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Investor group raises bid for Aeromexico airline

Fri Oct 12, 2007 7:34pm EDT

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MEXICO CITY, Oct 12 (Reuters) - A group of Mexican investors sweetened its offer for airline Aeromexico on Friday by offering warrants in additional to its original $160 million bid.

Stocks  |  Mergers & Acquisitions

The warrants offered by the group, which includes Citigroup (C.N), would pay out 10 percent of the increased value in Aeromexico AMEXICOA.MX from when it is acquired until it is eventually floated again in a stock market offer. (Reporting by Noel Randewich)



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