Delta Air Lines Inc (DAL.N) said Wednesday it intends to buy up to an additional 32 percent of Grupo Aeromexico SAB de CV (AEROMEX.MX), in what could be a nearly $600 million cash deal that strengthens its grip on a fast-growing market.
The investment could raise Delta's 4.1-percent stake in Aeromexico to 49 percent, if Delta and its pension trust also exercise share purchase options they hold. Delta offered to pay some 52 percent above the Mexican airline's closing price of 28.74 Mexican pesos.
The move reflects an attempt by Delta to . . .
