American to list shares on Nasdaq as AAL

Dino D'Amore
By Dino D'Amore November 17, 2013 20:41

American to list shares on Nasdaq as AAL

American Airlines will list its shares on the Nasdaq Stock Market under the ticker symbol “AAL” after the merger with US Airways is completed. American’s parent, AMR Corp., had been listed on the New York Stock Exchange as “AMR” until the shares were removed shortly after the company filed for bankruptcy protection in November 2011.

Tom Horton, the CEO of AMR, said the Nasdaq “offers a most advanced trading platform driven by innovation and efficiency.”

Shares of AMR and US Airways Group Inc. will be canceled and exchanged for stock in the new American Airlines Group Inc., which will be based in AMR’s home in Fort Worth, Texas. AMR creditors, bondholders and shareholders will get 72 percent of the new company, and US Airways shareholders will get the other 28 percent.

Dino D'Amore
By Dino D'Amore November 17, 2013 20:41
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