Next Step for Merger is Hearing on 4/6

Old Mar 17, 01, 8:48 am
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Next Step for Merger is Hearing on 4/6

Question What does the Department of Justice approval mean for the transaction going forward?

Answer This is a significant development. DOJ's approval was a major hurdle to clear as we make preparations to close the deal, hopefully within a matter of weeks. The next step is an April 6 hearing before Bankruptcy Judge Peter Walsh to transfer TWA leases and contracts to American. A closing date is expected to be set after that hearing.

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