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American plans 38.5 Million Share Stock Offering

American plans 38.5 Million Share Stock Offering

Old Nov 10, 2020, 7:48 am
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American plans 38.5 Million Share Stock Offering

American Airlines Plans 38.5 Million Share Stock Offering

American Airlines announced on Tuesday a proposed underwritten public offering of 38.5 million shares as the worlds largest airline tries to boost its liquidity amidst the coronavirus pandemic-induced downturn in travel.

Bank of America, the sole underwriter, will price the offering at $13 per share, according to several people familiar with the matter.

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Old Nov 10, 2020, 10:57 am
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Originally Posted by jspira

American Airlines Plans 38.5 Million Share Stock Offering

This link is to an online source to which I contribute and/or have a financial interest.
Will this also trade as AAL (Currently at $12.84)
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Old Nov 10, 2020, 11:52 am
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Would have to be as AAL is the publicly-held entity.
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Old Nov 10, 2020, 3:25 pm
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Originally Posted by mvoight
Will this also trade as AAL (Currently at $12.84)
Originally Posted by Often1
Would have to be as AAL is the publicly-held entity.
Quite correct. No change in Ticker Symbol.
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Old Nov 10, 2020, 4:13 pm
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I'd buy shares in that mad dog!
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Old Nov 10, 2020, 5:05 pm
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Originally Posted by enviroian
I'd buy shares in that mad dog!
Maybe the Ticker Symbol should be changed to MD for Mad Dog ?
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Old Nov 10, 2020, 5:39 pm
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I'll wait until AAL becomes a penny stock.
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Old Nov 10, 2020, 6:01 pm
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The time to have bought AAL was in 2011-2012, at the time of the most recent bankruptcy -- provided that one then sold it when it approached $60/share, either in 2015 or early 2018!

Of course, I do not have this market timing....
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Old Nov 11, 2020, 3:39 am
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Originally Posted by Often1
Would have to be as AAL is the publicly-held entity.
I thought different offerings could be done under separate ticket symbols.
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Old Nov 11, 2020, 4:50 am
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well, no better time to sell it than now since the Pfizer vaccine news just came out.
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Old Nov 11, 2020, 12:50 pm
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Here is the preliminary filing.

@ enviroian - "I'd buy shares in that mad dog!"
Please do! Buy them all! You can have your own airline and cater it to your taste. Good luck managing it
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Old Nov 11, 2020, 2:41 pm
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Originally Posted by jcf27
Here is the preliminary filing.

@ enviroian - "I'd buy shares in that mad dog!"
Please do! Buy them all! You can have your own airline and cater it to your taste. Good luck managing it
Maybe not but one thing is for sure with my airline everyone would get a ramekin of warmed nuts.
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Old Nov 11, 2020, 3:06 pm
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Originally Posted by enviroian
Maybe not but one thing is for sure with my airline everyone would get a ramekin of warmed nuts.
Perhaps it could also do away with anything branded as "Oasis" or "Kodiak".
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