U.S. Air, AMR Nearing $11B Merger
Posted in the Minneapolis Forum
#1 Feb 11, 2013
US Airways Group (LCC) and AMR Corp., parent company of American Airlines, are close to completing an $11 billion merger and could announce a deal within a week.
Reuters reported Monday that the two airlines ironed out differences on valuation and management structure. A merger would create the worlds largest carrier.
The deal, which is still being finalized, would put current US Airways chief executive Doug Parker at the helm of the newly-formed airline, Reuters said citing sources. AMR chief Tom Horton would serve as non-executive chairman until spring of 2014, when the new company holds its first board meeting.
AMR filed for bankruptcy in November 2011, after the mergers of Delta-Northwest (DAL) and United-Continental (UAL).
Reuters also reported that the all-stock merger would give AMR creditors 72% ownership in the new carrier, while US Airways would get the remaining stake. The news report said the board of each airline is likely to vote on the proposed deal around Wednesday, although negotiations are still ongoing.
AMR and US Airways did not immediately respond to requests for comment from FOX Business.
If US Airways and AMR complete the merger, the combined airline would have an expected value of between $10.5 billion and $11 billion, compared to Deltas market capitalization of $12.4 billion and United Continentals $8.7 billion.
Shares of US Airways were up 4 cents, or 0.27%, to $14.79 Monday morning.
Read more: http://www.foxbusiness.com/industries/2013/02...
#2 Feb 11, 2013
Why do we care ?
#3 Feb 11, 2013
Lets try and stay on Today's Slewisms.
Please address this latest revelations of yours.....
As long as your asking your Psych to tell us what your "Honey Trap" is (Slewsie Quote), maybe you can ask her to explain why you keep Projecting about;
"Yep, you're broke and are soliciting gay sex.." (Slewsie Quote)
Have you covered all of your issues?
(Broke) You pride yourself that you can pay Little BOI's?
(Soliciting) Are their Little BOI's that you ply with cash in the places you hang out?
(Gay Sex) Do the Little BOI's you abuse know what sex is or is it only YOU in the Abuse that calls your "Acts", sex?
#4 Feb 11, 2013
you live in a homeless shelter and don't fly, so you dont care
I'm a productive member of society, this may affect me and lead to less competition on various routes.
#5 Feb 11, 2013
It may affect you ??? LMAOROFU~! Guess, you NEED to post it, huh loser ??
#6 Feb 11, 2013
Nobody will stop you from posting about the homeless shelter you live it. If you don't care for the article don't post anything.
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