After the NYT revelation last night, looks like AA wants to kickstart the process, lest the top management be accused of, well, greediness: American Airlines parent AMR Corp. plans to sound out potential partners about a merger or other investment deals in coming weeks, says WSJ. It will send nondisclosure agreements to other airlines as soon as this month, starting a formal process in which the parties would exchange nonpublic information to consider possible deals. The airline also could invite private-equity firms and other investors to study the company’s books.
A strategic leak to WSJ on this one: American is likely approaching potential partners reluctantly because, as Andrew Ross Sorkin made clear, its execs stand to make a ton of money if they wait to merge.
Tags: american airlines
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