Grupo Mexicano de Desarrollo SA (BMV:GMD *) made a tender offer to acquire remaining 0.5% stake in Gmd Resorts SAB (BMV:GMDR *) for MXN 2.7 million on April 14, 2014. The offer will be based on an exchange ratio of one Grupo Mexicano de Desarrollo's (GMD) share for each 2.09 Gmd Resorts's (GMDR) shares. Grupo Mexicano de Desarrollo SA will acquire 0.69 million shares of Gmd Resorts in the deal.

The offer period will be from April 14, 2014 to May 14, 2014.