It Ain't Over Til It’s Over: American Airlines-US Airways
August 30, 2013, 11:38 AM EDT
Law360, New York (August 30, 2013, 11:38 AM EDT) -- Last February, American Airlines (“AAMRQ”) and U.S. Airways Group Inc. (“LCC”) disclosed their plan to merge in an all-stock transaction, which if consummated would create the largest global airline, with revenues of $40 billion, an expected market capitalization of $11 billion and more than $1 billion in annual net synergies in 2015.
The news was well received by the stock market, with AAMRQ’s stock price closing up 63 percent, from $1.30 to $2.12, on volume of 128,928,400 shares, seemingly confirming that the merger represented a viable...
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