A few more factoids from the merger agreement between US Airways and American Airlines
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– AMR may be required to pay US Airways $135 million if it ends the merger agreement in favor of a better offer. US Airways would pay AMR $55 million if US Airways found a better offer. Either airline would pay $195 million to the other “in the event of a knowing and deliberate breach of the Merger Agreement.”
– Tom Horton will step down as chairman one year after the merger closes, or one day before the first annual shareholders’ meeting, whichever comes first. That assumes the … [visit site to read more]
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