Rumor: settlement may be imminent, stocks up
11-12-2013 | 06:59 AM
#1
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Gets Weekends Off
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From: Airbus
Rumor: settlement may be imminent, stocks up
http://aviationblog.dallasnews.com/2...ays-case.html/
AAMRQ: Summary for A M R CP- Yahoo! Finance
LCC: Summary for US Airways Group, Inc. New US A- Yahoo! Finance
Is a settlement announcement imminent in the American Airlines-US Airways case?
By Terry Maxon
[email protected]
9:45 am on November 12, 2013 | Permalink
Last week, someone who should know suggested that the chances for a settlement in the US Airways-American Airlines antitrust lawsuit had jumped to 85 to 90 percent.
Today, I’m told that a settlement announcement may be imminent, within the next day or so.
Is it true? Some investors apparently think so. US Airways shares were up 87 cents to $24.14 as of about 9:30 a.m., and AMR shares had climbed 15 cents to $9.67.
We’ll keep checking.
AAMRQ: Summary for A M R CP- Yahoo! Finance
LCC: Summary for US Airways Group, Inc. New US A- Yahoo! Finance
Is a settlement announcement imminent in the American Airlines-US Airways case?
By Terry Maxon
[email protected]
9:45 am on November 12, 2013 | Permalink
Last week, someone who should know suggested that the chances for a settlement in the US Airways-American Airlines antitrust lawsuit had jumped to 85 to 90 percent.
Today, I’m told that a settlement announcement may be imminent, within the next day or so.
Is it true? Some investors apparently think so. US Airways shares were up 87 cents to $24.14 as of about 9:30 a.m., and AMR shares had climbed 15 cents to $9.67.
We’ll keep checking.
11-12-2013 | 07:13 AM
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From: Airbus
American stock up 30%.
Bloomberg - Business, Financial & Economic News, Stock Quotes
BREAKING NEWS
AMR-US Airways Said to Settle U.S. Antitrust Suit Over Merger
Bloomberg - Business, Financial & Economic News, Stock Quotes
BREAKING NEWS
AMR-US Airways Said to Settle U.S. Antitrust Suit Over Merger
11-12-2013 | 07:18 AM
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From: Left Seat
USAir, AMR reach antitrust settlement: Sources
LCC shares halted. AAMRQ up 24% and still trading (not under NYSE jurisdiction)
LCC shares halted. AAMRQ up 24% and still trading (not under NYSE jurisdiction)
11-12-2013 | 07:18 AM
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From: Airbus
USAir, AMR reach antitrust settlement: Sources
Shares in US Airways were halted Tuesday morning, amid reports that the airline and its prospective merger partner AMR were close to settling a state and federal antitrust suit.
The settlement will allow the deal to proceed. A statement of some kind is expected later Tuesday with details on concessions the partners will have to make.
USAir shares were up 3.4 percent before the halt. Shares in AMR, which has continued to trade despite its bankruptcy, rose 33 percent.
Other airline shares rose sharply as well on the news.
This story is developing. Please check back for further updates.
Shares in US Airways were halted Tuesday morning, amid reports that the airline and its prospective merger partner AMR were close to settling a state and federal antitrust suit.
The settlement will allow the deal to proceed. A statement of some kind is expected later Tuesday with details on concessions the partners will have to make.
USAir shares were up 3.4 percent before the halt. Shares in AMR, which has continued to trade despite its bankruptcy, rose 33 percent.
Other airline shares rose sharply as well on the news.
This story is developing. Please check back for further updates.
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