Banamex and the Saba family continued their bidding war for AeroMexico yesterday, with both upping their bids to at least MXN2 billion ($185 million). The Mexican government indicated it was leaning toward accepting the bid of Banamex, the Mexican arm of Citigroup, unless the Sabas had outbid their rival clearly by the close of business yesterday. Moises Saba Masri vowed to win the bidding, saying in a radio interview that "If we have to make a higher counteroffer, then we'll do it. I'm not ...

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