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The big payoff for AMR investors in 2013 making it one of the best distressed investments ever
04/09/2014
After the Justice Department initially denied the AMR merger with US Airways the stock dropped to about $2.00. It was at $38 in the beginning of April 2013. AMR went into bankruptcy in 2011. AMR investors now control about 40% of the new American Airlines Group stock. At one point AMR was valued at 90 million, at 20 cents a share.
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