Sterling Global Holdings has offered more than $3 billion to buy out the parent company of American Airlines, AMR. The firm is said to be investigating the offer to see if it is legitimate. Dallas Morning News reported that Sterling boss Allen Weintraub confirmed the offer was legitimate and is being made with the aid of unnamed legitimate backers. Weintraub was also reported to be mulling a merger of AMR with an unnamed privately held US airline. The Sterling offer is for $9.75 a share to take AMR private. As a result shares in the AA parent were up 5%

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