Mexican Airport Operator OMA (OMAB) in Advanced Talks to Be Acquired - Source

March 29, 2021 1:46 PM EDT
Get Alerts OMAB Hot Sheet
Price: $53.78 +2.56%

Overall Analyst Rating:
    NEUTRAL (Up Up)

Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., or OMA, (NASDAQ: OMAB) in in advanced talks to be acquired by Servicios de TecnologĂ­a Aeroportuaria, according to a source. The price being discussed would value the U.S.-traded ADSs at approximately $54 per ADS, it was added.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. operates 13 international airports in nine states of central and northern Mexico.

Servicios de TecnologĂ­a Aeroportuaria S.A. de C.V. (SETA) is a strategic partner of OMA and a current shareholder.

After seeing the ADSs crash below $30 at the start of the coronavirus pandemic in March of 2020, shares have recovered a large chunk of those losses. A $54 per ADS price would value the company near the pre-pandemic high of $60.53 reached in January of last year.

OMA has not responded to a request to comment.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot M&A, Mergers and Acquisitions, Rumors