AMR Corp (AAMRQ) Jumps On Reports Bidders Lining Up
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Shares of bankrupt air carrier AMR Corp (OTC: AAMRQ), formerlly (NYSE: AMR), are jumping mid-day Thursday on reports private equity firm TPG, and Delta Airlines (NYSE: DAL) are assessing bids for the American Airlines parent.
Delta has hired Blackstone to asses a bid, the Journal said.
It is unclear if the AMR common shareholders will get value from their shares.
The stock lat traded at $0.43, up 19%.
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Delta has hired Blackstone to asses a bid, the Journal said.
It is unclear if the AMR common shareholders will get value from their shares.
The stock lat traded at $0.43, up 19%.
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