AMR Prices Public Equity Offeringtitle
FORT WORTH, Texas, Nov. 17 /PRNewswire-FirstCall/ -- AMR Corp.
(NYSE: AMR), the parent company of American Airlines, Inc., today announced
the pricing of a public offering of 13 million newly issued shares of its
common stock at a price to the public of $17.25 per share. AMR has granted
the underwriter of the offering a 30-day option to purchase up to an
additional 1.95 million shares of common stock solely to cover
over-allotments, if any. AMR expects the issuance and delivery of the shares
to occur on November 23, 2005. AMR intends to use the net proceeds of the
offering for general corporate purposes.
UBS Investment Bank is acting as the sole underwriter for this offering.
A shelf registration statement relating to the common stock has been filed
with, and was declared effective by, the Securities and Exchange Commission.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of these shares of common stock in
any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction. Copies of the prospectus supplement and
accompanying prospectus relating to the offering may be obtained from UBS
Investment Bank, 299 Park Avenue, New York, NY 10171.
Current AMR Corp. news releases can be accessed via the Internet.
Our address is http://www.aa.com
