Reuters: Mergers News: AMR, creditors agree to explore merger option-source

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

AMR, creditors agree to explore merger option-source May 11th 2012, 19:23 Fri May 11, 2012 3:23pm EDT May 11 (Reuters) - AMR Corp, the bankrupt parent of American Airlines, will consider merger options with rivals including US Airways Group, a source familiar with the matter said on Friday. The airline has reached an agreement with its creditors to explore whether a merger would create more value than its plan to exit bankruptcy as a stand-alone carrier, the source told Reuters. The source declined to be named because the matter is not public. AMR representatives were not immediately available for comment.

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