AMC &lt;AMO> STUDYING CHRYSLER &lt;C> PROPOSAL

  American Motors Corp said it
  is studying a proposed merger with Chrysler Corp.
      American Motors said it received a letter from Chrysler
  Corp "advising us of their proposal to enter into a merger
  transaction with American Motors Corp."
      In a brief statement, the company said, "We are studying
  the proposal. We will have further comment when it is
  appropriate."
  

