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Merger of AMR Corporation and US Airways Group good to go

Staff writer ▼ | November 29, 2013
The U.S. Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the U.S. Department of Justice and certain states relating to the merger of AMR Corporation and US Airways Group.
AMR Corporation US Airways
AMR Corporation US AirwaysThe U.S. Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the U.S. Department of Justice and certain states relating to the merger of AMR Corporation and US Airways Group.


The court also ruled that the merger may be consummated despite the pendency of a private antitrust lawsuit. As a result of the Court's rulings, AMR Corporation, the parent company of American Airlines, Inc., today filed with the U.S. Bankruptcy Court for the Southern District of New York a notice that the proposed effective date of the Plan of Reorganization will be Dec. 9, 2013.

Consummation of AMR's Plan of Reorganization and the merger of US Airways Group, Inc. with and into a subsidiary of AMR Corporation is planned to be completed prior to the securities markets opening on December 9, 2013. Assuming this expected schedule, the last day of trading of all outstanding securities of AMR, including the common stock trading under the symbol AAMRQ, and the common stock of US Airways Group will be December 6, 2013.

Upon the anticipated closing of the merger on Dec. 9, 2013, AMR Corporation will be renamed American Airlines Group Inc., with its common stock to be listed and traded on the NASDAQ Global Select Market under the symbol AAL and its preferred stock to be listed and traded on the NASDAQ Global Select Market under the symbol AALCP.


 

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