US Air courts investor support for AA merger

Victoria
By Victoria April 27, 2012 22:56

US Air courts investor support for AA merger

 

US Airways Group is reported to be courting AMR Corp’s unsecured creditors committee to support a possible takeover bid for American Airlines. CEO Doug Parker said: “We are eager to demonstrate to the creditors of AMR that our plan would result in higher returns than the AMR stand-alone strategy. We’re highly confident the value created by our two companies is very large relative to the value of a stand-alone AMR.”

US Airways has not indicated when it might make a formal approach to AMR.

Victoria
By Victoria April 27, 2012 22:56
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