« Monday Midday Must-Reads | Main | FAA fines Southwest $325,000 for installing switch incorrectly »

December 02, 2013

AMR, US Airways lay out equity distribution for new stock AAL, says merged airline will be worth $17.75 billion

US Airways and AMR Corp., American Airlines' parent company, provided an estimate of the equity distribution for the new stock after the two carriers merge next week.

Based on the 20 trading day average closing price of US Airways, which is $23.4815 per share, the new airline will have a market capitalization of $17.75 billion.

Per the merger agreement, US Airways will receive 28 percent of the new company and 72 percent will go to AMR Corp. The carriers estimate that US Airways shareholders will receive 211,698,617 shares while AMR creditors and shareholders will receive 544,361,824 shares.

The merger is expected to close on December 9 with the last day of trading for shares of AMR [ticker: AAMRQ] and shares of US Airways [ticker: LCC] to occur on December 6.

-Andrea Ahles

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c2cc953ef019b0207ca3c970b

Listed below are links to weblogs that reference AMR, US Airways lay out equity distribution for new stock AAL, says merged airline will be worth $17.75 billion:

Comments

Post a comment

Comments are moderated, and will not appear on this weblog until the author has approved them.

If you have a TypeKey or TypePad account, please Sign In.