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AMR (AAMRQ) (AAL) Announces Post-Merger Equity Distribution

December 9, 2013 8:19 AM EST Send to a Friend
Today's consummation of the merger between AMR Corporation and US Airways Group, Inc. (NYSE: LCC) and the effectiveness of AMR's Plan of Reorganization will result in the distribution of American Airlines Group Inc. common stock (Nasdaq: AAL) and convertible preferred stock (Nasdaq: AALCP) to equity holders, creditors and employees of AMR Corporation.

American Airlines Group Inc. has determined that holders of AMR common stock (OTCBB: AAMRQ") will receive, for each share of AMR common stock, an initial distribution of approximately 0.0665 shares of AAL in connection with the occurrence of the effective date of the Plan. AAMRQ holders may in the future receive additional distributions based on the trading price of AAL common stock during the 120 day period after the effective date and the total amount of allowed claims, in each case, in accordance with the terms of the Plan.




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