AeroMexico said Friday that a group of Mexican investors represented by Banamex, the Mexican arm of Citigroup, has made a formal bid valued at more than $150 million to take a controlling stake in the airline, which currently is controlled by government holding company Consorcio Aeromexico. The takeover offer, first revealed last Thursday (ATWOnline, Sept. 14), is open through Oct. 15 with an option to extend it until Nov. 30. AM's board said it will make an initial judgment on the offer ...

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