AMR rivals may target company for takeover, CEO says

12/16/2011 | Bloomberg · Wall Street Journal, The

Tom Horton, the CEO of AMR Corp., says the company plans to renegotiate debt and aircraft leases for American Airlines while in bankruptcy. Horton also acknowledged that AMR may be a takeover target for some of its rivals. "And as we've seen before in this situation, there may be opportunists who wish to acquire our company while we are in this situation," he said.

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Bloomberg · Wall Street Journal, The

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