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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This entry was posted in American Airlines, AMR Corporation and tagged American Airlines, AMR Corporation on March 30, 2011 by Bruce Drum.

About Bruce Drum

I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.

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