With Donald Trump winning the presidential election this week, Star-Telegram columnist Bud Kennedy looked at when the newspaper first wrote about the real estate mogul and he found this wonderful Throwback Thursday item.
In October 1989, Trump made an unsolicited offer to purchase AMR Corp., parent company of American Airlines. At the time, American was the nation’s largest and most profitable airline.
“Trump, the New York real estate baron, hotelier and author, threw a haymaker at Fort Worth’s AMR Corp. when he made unsolicited $120-a-share, or $7.11 billion, offer for Tarrant County’s largest corporation,” the article said.
“AMR, in the same strongly-worded statement in which it acknowledged receiving Trump’s bid, clearly restated its position that ‘AMR and its shareholders will be best served by AMR remaining an independent company and continuing the strong partnership among American Airlines, its employees, the communities it serves and the public - a partnership that has given AMR the great success it enjoys today.”
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