AMR receives 450M plus for sale of Beacon Advisors

[Barfbag]

AMR Corporation Completes Sale of American Beacon Advisors, Inc. to Lighthouse Holdings, Inc., an Affiliate of Pharos Capital Group, LLC and TPG Capital, L.P.
09:15 a.m. 09/15/2008

AMR received a total consideration of $480 million. While primarily a cash transaction, AMR will acquire a small equity stake in the parent company of Lighthouse Holdings.

 

[PRINCESS KIDAGAKASH]

None of that money will make it to American Airlines. It will go right to Arpey's and the SERP Gang's pockets. I guess Arpey will be getting a new car this year. Let's see. Should he buy the Bulgatti Veyron or a Maybach?

 

[UAL_TECH]

None of that money will make it to American Airlines. It will go right to Arpey's and the SERP Gang's pockets. I guess Arpey will be getting a new car this year. Let's see. Should he buy the Bulgatti Veyron or a Maybach?

He is very sensible, so I am thinking the Prius...

B) xUT