US Airways - American Airlines Merger Expected Dec. 9

handshakeThe anticipated merger  of US Airways and American Airlines is expected on December 9, according to AMR Corporation, American's parent.

RELATED: American and US Airways Agree to End DOJ Lawsuit

The U.S. Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the U.S. Department of Justice, AMR said. The court also ruled that the merger may be consummated.

DAILY NEWS & DEALS NEWSLETTER

Like this story? Subscribe to Daily News & Deals!

Featuring breaking news on the latest product launches, deals, sales promotions, and executive appointments. Be sure to sign-up for this free industry daily newsletter.

After the merger closing on December 9, 2013, AMR Corporation will be renamed American Airlines Group Inc., with its common stock traded on the NASDAQ Global Select Market under the symbol "AAL." 

RELATED: US Airways and American Airlines Must Divest Slots for Merger OK

When the Plan of Reorganization becomes effective and the merger closes, each outstanding share of US Airways Group, Inc. common stock will be converted into one share of American Airlines Group Inc. common stock.

American's emergence from restructuring and consummation of the merger will create the world's largest airline.

Visit www.aa.com

 

Suggested Articles:

A total of 30 deals worth $458.86 million were unveiled in February 2020, compared to the 12-month average of 37 deals. Read more.

The unemployment compensation is among the most relevant sections of the CARES Act for ICs and self-employed advisors. Learn more here.

Both ships arrived at the boundary of U.S. waters this morning and will remain outside U.S. waters while awaiting clearance to enter. Read more.