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Aeromexico board says Delta offer for shares "fair"

MEXICO CITY, Feb 21 (Reuters) - Grupo Aeromexico said on Tuesday that its board had determined that Delta Air Lines Inc's offer to buy an additional 32 percent of its shares was fair.

Aeromexico said in a statement that its board members, shareholders and chief executive would participate in Delta's offer, which was increased earlier this month, assuming that circumstances do not change.

(Reporting by Christine Murray)