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Jim Cramer Says Buy Southwest Stock Over American Airlines

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American Airlines  (AAL)  announced a secondary public offering of 38.5 million shares. 

Bank of America, which is acting as the sole underwriter for the offering, will have a 30-day option to purchase up to 5.775 million additional shares as part of the offering.

As of Nov. 9, the company had sold 57.86 billion shares of its common stock for a gross sales price of about $702 million.

Jim Cramer weighs in on the American Airlines offering.

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