AMR shareholder pushes for spinoff
From Times Wire Services
A major shareholder in AMR Corp. wants the owner of American Airlines to boost its stock price by spinning off the frequent-flier program and other businesses.
FL Group, an investment fund based in Iceland, said the AAdvantage frequent-flier program was worth at least $6 billion. It said a sale could produce a net gain of $4 billion for AMR.
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