Air Transport World

Sabre to stand alone.(AMR Corp. spinoff)(Brief Article)

AMR Corp. announced it would spin off its 83% stake in Sabre Holdings Corp. by distributing its 107 million shares of Sabre common stock to shareholders of AMR Corp. The deal is intended to take place before March 31, pending an IRS ruling that the transaction will be tax-free to AMR and its shareholders for federal income tax purposes. Current Sabre shareholders, including AMR, will receive a dividend of around $5.21 per share as part of the deal. …

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