- Delta Air Lines (NYSE:DAL) announces the successful completion of its cash tender offer to acquire up to an additional 32% of Grupo Aeroméxico (GRPAF) through shares traded on the Mexican Stock Exchange..
- The offer was oversubscribed, with Delta acquiring 228M shares representing 32% of the outstanding shares of Grupo Aeroméxico and 39.8% of the shares tendered in the tender offer, for an aggregate purchase price of approximately ~$620M.
- Delta now holds 36.2% of the outstanding shares of Grupo Aeroméxico and has options to acquire an additional 12.8% of the outstanding shares.
- DAL +0.19% premarket to $48.00.
- Source: Press Release