In what they described as "a merger of equals," Continental Airlines and United Airlines today announced the two companies will combine in an all-stock transaction in which Continental shareholders will receive 1.05 shares of United common stock for each CO share they own.
United shareholders will own approximately 55% of the combined holding company, which will be named United Continental Holdings with United the name of the surviving airline. The transaction has a "combined value of over $8 billion," the companies said.
In what they described as "a merger of equals," Continental Airlines and United Airlines today announced the two companies will combine in an all-stock transaction in which Continental shareholders will receive 1.05 shares of United common stock for each CO share they own. United shareholders will own approximately 55% of the combined holding company, which will be named United Continental Holdings with United the name of the surviving airline. The transaction has a ...
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