Here Comes Donald, Duck!

Comes Donald, Duck! Can American Airlines fight off Trump's $7.5 billion raid?

Nearly everyone saw an attacker on the horizon. The question was who it would be. For weeks the rumors swirled that someone might launch a takeover raid on American Airlines, the largest and most respected U.S. carrier. In August the board of American's parent company, AMR, bolstered its so-called poison-pill defenses by allowing management greater flexibility to issue new stock in order to make a takeover more expensive. The Fort Worth company also signed up the high-powered Wall Street firms Goldman Sachs and Salomon Brothers to develop a full-defense strategy. AMR even asked the New York Stock Exchange to investigate recent...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!