AMR and US Airways estimate combined company share issuance numbers

By Caroline Salls

Pittsburgh, Dec. 2 - AMR Corp. and US Airways Group, Inc. said an estimated 756.06 million shares of American Airlines Group Inc. common stock may be issued under AMR's plan of reorganization and the companies' merger agreement, according to a news release.

Using the price of $23.4815 per share calculated from the 20-trading-day average closing price of US Airways Group common stock beginning Nov. 1 and ended Nov. 29, the companies said US Airways Group has a fully diluted share count of 211.7 million shares.

As a result, the number of shares available for AMR stakeholders will be 544.36 million and the total combined company share count will be 756.06 million, the release said.

Under the plan, shares of American Airlines Group common stock will be distributed to AMR stakeholders over time, principally over the 120-day period beginning at the date of closing of the merger, which is expected to be Dec. 9.

AMR Corp., the Fort Worth-based parent of American Airlines, filed for bankruptcy on Nov. 29, 2011 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 11-15463.

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