Merger talks between United Airlines and Continental Airlines--which neither airline has confirmed officially--apparently have hit a snag over how to price what is expected to be an all-stock transaction.
According to The Wall Street Journal, which cited people familiar with the matter, Continental wants to use the average share price in the 30 days prior to April 7 while United wants to use the share price the day before a deal is signed.
Merger talks between United Airlines and Continental Airlines--which neither airline has confirmed officially--apparently have hit a snag over how to price what is expected to be an all-stock transaction. According to The Wall Street Journal, which cited people familiar with the matter, Continental wants to use the average share price in the 30 days prior to April 7 while United wants to use the share price the day before a deal is signed. UA stock has seen a significantly bigger price ...
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