AMR’s Horton Willing to Weigh Acquisitions After Bankruptcy

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  1. garyst16
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    garyst16 Silver Member

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    By Mary Schlangenstein
    (Updates with analyst’s comment in ninth paragraph.)
    Feb. 6 (Bloomberg) -- AMR Corp.’s American Airlines, whose bankruptcy made it a possible takeover target, may try to buy a rival after leaving Chapter 11 as the U.S. industry shrinks, Chief Executive Officer Tom Horton said.
    “It’s not hard to envision how we could be a force in the industry and, potentially, a consolidator,” Horton said in a Feb. 3 interview at Bloomberg’s New York headquarters. “I don’t think we need to combine with anybody, but I think there will be ample opportunities to.” The rest of the story can be found here: http://www.businessweek.com/news/20...g-to-weigh-acquisitions-after-bankruptcy.html
     
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