Re: SF Gate: AMR cancels plan to raise $250 million in debt

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Hmmm.. First you announce something like this and then say "sorry, changed
my mind"..
SEC should look into this right away. I wonder who gained from this
temporary price
dip.

BAHA
Fan of inquiring minds

   (08-05) 13:35 PDT FORT WORTH, Texas (AP) --
   AMR Corp., the parent of American Airlines, canceled a plan to raise $250
million by issuing new debt, saying it doesn't need the cash immediately.
   AMR stock fell more than 10 percent Monday after the company announced t=
he
debt offering, which would have allowed institutional investors to convert
the notes to stock. The company canceled the offering late Monday and the
shares rebounded a bit on Tuesday, closing up 24 cents, or 3 percent, at
$8.28 on the New York Stock Exchange.

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