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Mergers and Acquisitions — The 10 Biggest Deals of 2013

These companies led the mergers and acquisitions charge in 2013

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#8: American Airlines (AAMRQ) Buys US Airways (LCC)

American Airlines AAMRQTransaction Value: $11 billion

US Airways (LCC) had long been looking for a merger partner, but probably didn’t imagine it would find a deal quite like this. AMR Corp. (AAMRQ) — parent of American Airlines — emerged from bankruptcy with a deal in place to merge with US Airways, creating the world’s largest airline in the process.

When American Airlines filed for bankruptcy protection at the end of 2011, it knew that coming out of the process as a standalone company was a losing proposition. Enter US Airways — always a bridesmaid in the consolidation-crazy airline industry.

The deal gives American and US Airways a chance to compete against United Continental Holdings (UAL) and Delta Air Lines (DAL) — and a chance for American to pay back its creditors.


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/mergers-and-acquisitions-biggest-deals-2013/.

©2016 InvestorPlace Media, LLC

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