With no merger, what happens to my shares ?

[Overspeed]

Why do you post false information? You're wrong. Of course, if you're in the sandcastle in Tempe, yesterday's revelations in the DoJ complaint might answer that question.

AA reached non-merger (ie, stand-alone) labor deals with every work group last year prior to the forced marriage with US. The pilots were the last to ratify and the bankruptcy court approved them in December.

Only the merger specific MOU would be voided if a merger doesn't happen

 

[Bob Owens]

Only the merger specific MOU would be voided if a merger doesn't happen

And it sucked anyway.

 

[AANOTOK]

Next up (hopefully)

 

[AANOTOK]

Heard today that pre DOJ, the value of the merge was $11B and if it closed to day it would be a $16-17B deal.
If I recall, that is what are equity shares were gonna be based off of. Am I close??

 

[FWAAA]

Heard today that pre DOJ, the value of the merge was $11B and if it closed to day it would be a $16-17B deal.
If I recall, that is what are equity shares were gonna be based off of. Am I close??

Close, but remember that your equity is based on 72% of the total value;   the other 28% belongs to current LCC stockholders.   Based on today's price for LCC, the deal is worth roughly $16.5 billion, and thus the value for AA union equity purposes is 72% of that value or about $11.9 billion.    The AA pilots equity claim (13.5% of the 72%) is now worth about $1.6 billion at today's price.    IIRC, the TWU portion was 4.8% of the 72%, so the TWU claim is worth about $570 million today.       

 

[AANOTOK]

Got it, thanks!