Deals
AMR Merger Risk Seen Ebbing as US Airways Rallies
This article is for subscribers only.
US Airways Group Inc. rose to the highest close since federal antitrust regulators sued to block the planned merger with AMR Corp.’s American Airlines, a sign of investor optimism that the deal will occur.
With yesterday’s 1.6 percent gain to $18.97, the shares rebounded past their price on the day before the U.S. Justice Department lawsuit was filed on Aug. 13. US Airways lost as much as 18 percent of its market value in the weeks after the government’s move.