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Investors say Aeromexico offer up to 2.3401 pesos

Mon Oct 15, 2007 8:28pm EDT
 
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MEXICO CITY, Oct 15 (Reuters) - Citigroup (C.N: Quote, Profile, Research, Stock Buzz) and its Mexican investment partners estimated on Monday the total value of their offer for money-losing Aeromexico is as much as 2.3401 pesos per share, including warrants recently added to the offer.

Banamex, Citigroup's local unit, said the total value of the offer is at least 2.2190 pesos per share, based on an independent estimate of the future value of warrants recently added to the bid. (Reporting by Noel Randewich)

 

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