Shareholders in Volaris to offer 11 pct of low-cost airline
MONTERREY, Mexico Nov 9 (Reuters) - Some shareholders of Mexican low-cost airline Volaris on Monday said they would sell 90 million shares in the company, sending the stock down sharply.
The shareholders will offer the stock, plus an overallotment of 9 million additional shares, the company said in a statement.
The offer, including the overallotment, is equivalent to about 11 percent of the company's listed shares, according to a Reuters calculation.
Volaris shares fell almost 6 percent to 27.55 pesos, trading around their weakest price in nearly a month. (Reporting by Gabriela Lopez; Editing by Andrew Hay)
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