(Reuters) – AMR Corp , the parent of American Airlines, said its business prospects have improved to the point equity holders might receive some value from its Chapter 11 reorganization. AMR, which filed for bankruptcy in November 2011, is weighing merging with rival US Airways Group Inc against exiting Chapter 11 as a standalone company. When companies go bankrupt, their stock is usually wiped out. AMR originally opposed the appointment of an equity committee in its Chapter 11 case because of an initial view that shareholders did not stand much chance of recovering anything meaningful. …
Business News Headlines – Yahoo! News
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