Reuters: Mergers News: Grupo Mexico drops bid to buy airport operator GAP

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Grupo Mexico drops bid to buy airport operator GAP Mar 29th 2012, 15:54 MEXICO CITY, March 29 | Thu Mar 29, 2012 11:54am EDT MEXICO CITY, March 29 (Reuters) - Copper miner and railroad operator Grupo Mexico on Thursday said it would drop its offer to buy outstanding shares in Mexican airport operator Grupo Aeroportuario del Pacifico. Grupo Mexico said in June it wanted to acquire more than 30 percent of GAP, which would trigger a stock market law obligating the copper miner to bid for the entire company. GAP operates 12 airports, including those in the Pacific resorts of Puerto Vallarta and Los Cabos.

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