AMR said to be ready to explore sale
05-11-2012, 06:38 PM
#22
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05-11-2012, 08:28 PM
#23
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Nope, the amr managers had every right to go their own way during the exclusivity period. During this period amr management can do as they please, the creditors committee would have to ask the judge to terminate amr managemnts exclusivity period. Like I said, there is an easy way and a hard way to get this merger done. Parker has the votes and the money, no question.
05-11-2012, 08:38 PM
#24
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As I understand the rules, management has no duty to talk to a potential buyer unless they opened that door themselves. If they "put the company in play" by talking to one suitor, then they must consider other serious offers.
05-11-2012, 09:42 PM
#25
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05-12-2012, 04:47 AM
#26
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It should get really interesting since this will flush out any other potential candidates. TPG? IAG? I don't think AMR would be entertaining the idea of mergers with US during the exclusivity period unless there were some other real alternatives.
05-12-2012, 05:47 PM
#27
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Nope, the amr managers had every right to go their own way during the exclusivity period. During this period amr management can do as they please, the creditors committee would have to ask the judge to terminate amr managemnts exclusivity period. Like I said, there is an easy way and a hard way to get this merger done. Parker has the votes and the money, no question.
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