AMR receives a $3.25 billion takeover offer
American Airlines Boeing 777-223 ER N757AN (msn 32636) MIA (Bruce Drum), originally uploaded by Airliners Gallery.
AMR Corporation (Dallas/Fort Worth) yesterday received a takeover proposal from a Florida entity for $3.25 billion. AMR is skeptical that the offer is genuine.
AMR said it received a letter from Sterling Global Holdings, which offered $9.25 a share for the corporation, representing a 48 percent premium over yesterday’s closing price of $6.58 according to this article by the Star-Telegraph.
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Copyright Photo: Bruce Drum. Please click on the photo for aircraft information.