AMR chief says merger decision may be weeks away: FT

[kommutrdog]

http://www.chicagotribune.com/business/sns-rt-us-amr-mergerbre87c006-20120812,0,7295104.story

Reuters 7:11 p.m. CDT, August 12, 2012


(Reuters) - AMR Corp , the bankrupt parent of American Airlines, is in the middle of reviewing strategic options that include a merger and will likely make a decision with weeks, according to an interview with the company's chief executive, which was published on the Financial Times' website on Sunday.

"It's probably even a matter of weeks," the Financial Times cited AMR CEO Tom Horton as saying on the question of when a decision on a merger would come. "We're in the middle of that right now."

 

[labbats]

Would it have been weeks had the vote gone YES?

Seems Horton's hand was forced by a vote of no confidence. Maybe I'm overly optimistic but a merger with USAir and avoiding a cut in pay helps us all.

 

[wms]

As soon as they hammer out the in-bk merger bonus for Horton the merger will be announced.

 

[ackattacker]

Horton's statements do *appear* to be clearing the path for a merger announcement.

It's hard to say things like (a merger would result in) "potentially meaningful revenue synergies" and then later backpedal and tell the creditors that those synergies don't exist after all.

 

[fam62c]

Hope fully the creditors are keeping an eye on him so he will do what's best for them and the company not what's best for his wallet.

 

[aa73]

But but but I thought a Yes vote was the quickest way to a merger??? :crying:

 

[scoreboardII]

local news says it will be Usair and AA buy end of two weeks.

 

[Turtle21]

local news says it will be Usair and AA buy end of two weeks.

Where is local? :lol:

 

[Flyby1206]

local news says it will be Usair and AA buy end of two weeks.

Question is who controls the merger process

 

[Dan Roman]

Question is who controls the merger process

Obviously APA. USAPA, besides being smaller, has also pretty much established themselves as a force to be laughed at. Sorry guys, but the whole USAPA fiasco is about to come home to roost. It's simply not possible to be any kind of a union without promoting solidarity for all your members. The day USAPA decided to pit member against member was the day they gave up any chance of ever accomplishing anything positive.