Copa Airlines said yesterday that it has priced Continental Airlines' offering of 6.56 million Class A nonvoting Copa shares at $21.75 per share. It added that underwriters will have a 30-day option to purchase an additional 984,375 Copa shares from Continental to cover overallotments, if any. CO will continue to hold a 12.3% interest in Copa once the share sale is completed, or a 10% interest if the overallotment option is exercised in full.

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