A full-fledged bidding war for AeroMexico is now underway as the Saba family yesterday boosted its offer by more than 58% to MEX1.74 billion ($158.8 million), topping the bid valued at more than $150 million made earlier this month by a group of investors represented by Banamex. Father and son Alberto Saba Raffoul and Moises Saba Masri made their original bid valued at about $100 million last month. The carrier currently is controlled by state holding company Consorcio Aeromexico, which has ...

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