AMR investor urges board spin-off

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27 September 2007 @ 12:12 pm ET

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"At an absolute minimum," said Smarason, "better disclosure of AAdvantage's financial results and a robust review of strategic alternatives will help convince shareholders that you view value creation as the key objective."

AMR shares were up 47 cents, or 2.2 percent, at $22.24 in morning New York Stock Exchange trade.

(Reporting by Jeffrey Goldfarb and Chris Reiter in New York)

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