Delta Air Lines $620 Million Cash Tender Offer to acquire up to an additional 32 percent of Grupo Aeroméxico S.A.B. de C.V.


Mijares, Angoitia, Cortés y Fuentes, Creel, García-Cuéllar, Aiza y Enríquez, Bufete Robles Miaja and Ritch, Mueller, Heather y Nicolau have advided on the deal

Delta Air Lines (NYSE: DAL) launched a cash tender offer through the Mexican Stock Exchange to acquire up to an additional 32 percent of the outstanding capital stock of Grupo Aeroméxico S.A.B. de C.V. (BMV: AEROMEX) for MXN $53.00 per share. The difference from the previously announced tender price of MXN $43.59 is the result of interim exchange rate movements and other factors. Completion of the cash tender offer is subject to certain conditions including acceptance of the offer by holders of at least twenty-five percent (25%) of the outstanding shares of Grupo Aeroméxico and receipt of required antitrust approvals in Mexico.

Mijares, Angoitia, Cortés y Fuentes S.C. has advised Delta Air Lines, Inc. with Ricardo Maldonado (Picture), Francisco Ibáñez, Carlos Jiménez and Moisés Grinberg.

Creel, García-Cuéllar, Aiza y Enríquez has advised Delta Air Lines, Inc. with Luis Gerardo García, Diego Barrera, Aleine Obregón, Virginia Campás and Sebastián Martínez.

Bufete Robles Miaja has advised Aerovías de México S.A de C.V (Aeroméxico) with Rafael Robles Miaja and María Luisa Petricioli.

Ritch, Mueller, Heather y Nicolau, S.C. has advised Barclays México (acting as sole Bookrunner) with Luis Nicolau, Gabriel Robles and Luis Miguel Posadas.

Involved fees earner: Rafael Robles Miaja – Robles Miaja Abogados; María Luisa Petricioli – Robles Miaja Abogados; Luis Gerardo García Santos Coy – Creel, García-Cuéllar, Aiza y Enriquez SC; Diego Barrera Pieck – Creel, García-Cuéllar, Aiza y Enriquez SC; Aleine Obregón Natera – Creel, García-Cuéllar, Aiza y Enriquez SC; Virginia Campás Alcalde – Creel, García-Cuéllar, Aiza y Enriquez SC; Sebastián Martínez Pastrana – Creel, García-Cuéllar, Aiza y Enriquez SC; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Gabriel Robles Beistegui – Ritch, Mueller, Heather y Nicolau, SC; Luis Miguel Posadas Yáñez – Ritch, Mueller, Heather y Nicolau, SC; Ricardo Maldonado-Yáñez – Mijares, Angoitia, Cortés y Fuentes, S.C.; Francisco Ibáñez Grimm – Mijares, Angoitia, Cortés y Fuentes, S.C.; Carlos Jiménez Cantú – Mijares, Angoitia, Cortés y Fuentes, S.C.; Moises Grinberg Davidson – Mijares, Angoitia, Cortés y Fuentes, S.C.;

Law Firms: Robles Miaja Abogados; Creel, García-Cuéllar, Aiza y Enriquez SC; Ritch, Mueller, Heather y Nicolau, SC; Mijares, Angoitia, Cortés y Fuentes, S.C.;

Clients: Delta Air Lines; Aerovías de México S.A de C.V;

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Author: Ambrogio Visconti.