U.S. markets closed
  • S&P Futures

    4,078.75
    -11.25 (-0.28%)
     
  • Dow Futures

    34,087.00
    -69.00 (-0.20%)
     
  • Nasdaq Futures

    12,102.25
    -49.75 (-0.41%)
     
  • Russell 2000 Futures

    1,934.70
    -4.70 (-0.24%)
     
  • Crude Oil

    79.22
    +0.35 (+0.44%)
     
  • Gold

    1,942.70
    -2.60 (-0.13%)
     
  • Silver

    23.78
    -0.05 (-0.21%)
     
  • EUR/USD

    1.0865
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    3.5290
    -0.0220 (-0.62%)
     
  • Vix

    19.40
    -0.54 (-2.71%)
     
  • GBP/USD

    1.2315
    -0.0002 (-0.02%)
     
  • USD/JPY

    130.0190
    -0.0490 (-0.04%)
     
  • BTC-USD

    23,121.89
    +261.93 (+1.15%)
     
  • CMC Crypto 200

    524.33
    +5.54 (+1.07%)
     
  • FTSE 100

    7,771.70
    -13.17 (-0.17%)
     
  • Nikkei 225

    27,375.56
    +48.45 (+0.18%)
     

Mexico's Monex launches share buyback in move toward market exit

MEXICO CITY, Dec 9 (Reuters) - Mexican brokerage Grupo Financiero Monex launched a public tender offer on Friday for its shares, priced at 668.23 million pesos ($33.85 million), as the company moves to finalize its departure from Mexico's main stock exchange.

The buyback, which ends on Jan. 9, prices the 30.78 million shares held by investors at 21.71 Mexican pesos ($1.10) apiece, according to a document published by the exchange.

The firm's shares, which typically have low trading volume, were up slightly to 18.50 pesos on Friday afternoon.

Monex said that once the buyback period is over, it will cancel the purchased shares, making it the most recent in a steady exodus of companies to leave the market. ($1 = 19.7390 Mexican pesos) (Reporting by Noe Torres; Writing by Kylie Madryl editing by Jonathan Oatis)