AMR Corp dismisses unsolicited takeover bids; Aeromexico IPO before Easter
AMR Corp announced unsolicited takeover bids for American Airlines and American Eagle from Sterling Global Holdings have been dismissed and referred to the Security and Exchange Commission as apparent hoaxes. Eastman Kodak stated it believes a USD1.3 billion buyout offer it received from Sterling Global Holdings was a hoax and the company has found no evidence of the existence of Sterling. Meanwhile the company is reportedly seeking additional international route rights for American Eagle as it weighs whether to keep or divest the business.
