My Account Menu

CAPA Login

Register to trial CAPA Membership!

AMR Corporation and US Airways Group to list combined common stock on NASDAQ Global Select Mkt

18-Nov-2013 6:22 AM

AMR Corporation and US Airways Group announced (15-Nov-2013) they have applied to list the common stock of the combined company on the NASDAQ Global Select Market. Upon closing of the merger and AMR's emergence from Chapter 11, the combined company will be renamed American Airlines Group Inc and will use the ticker symbol "AAL." The common stock of both US Airways Group and AMR Corporation will be cancelled and shareholders will receive equity interests in American Airlines Group Inc per the terms of the Merger Agreement and Plan of Reorganisation. AMR creditors, shareholders, and bondholders will gain 72% of the new combined company, and US Airways shareholders will gain the remaining 28%. [more - original PR]