/ Source: Reuters
U.K. airline British Airways and U.S. investment bank Goldman Sachs have no current plans to bid for AMR Corp., parent of American Airlines, sources familiar with the matter said on Friday.
The sources spoke after a report in BusinessWeek magazine saying AMR may be a buyout target of a group including Goldman and British Airways. Both BA and Goldman declined to comment.
The proposed bid was said to be between $9.8 billion and $11.1 billion, or $46 and $52 a share, Gene Marcial wrote in BusinessWeek's "Inside Wall Street" column, quoting people familiar with the matter.
It is not certain that a bid for the company will materialize, BusinessWeek said, citing its sources.
