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Thread: AA Ch 11 BK - Possible *A Implications?
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Old Nov 30, 2011 | 3:56 pm
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There aren't really any more shareholders in AA. Their stock has become pretty much worthless and they and certain category bond holders will be wiped out by Chapter 11. The whole point is to clean up AA's balance sheet, reduce its labour contract and pension obligations, so it and US can merge the way UA and CO just did. It won't be a traditional buy out by one party or the other.
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