A ticker counter at American Airlines' terminal at O'Hare, Jan. 17, 2011 (Phil Velasquez/Chicago Tribune)
AMR Corp., parent of American Airlines, said it was investigating the legitimacy of a reported $3.25 billion buyout offer from a company called Sterling Global Holdings.
AMR confirmed it received a letter from Sterling Global on Wednesday, but said “at this time we have no corroborating information to demonstrate the offer described in the letter is legitimate.” Get the full story »
