UAL-Continental Airlines Merger Expected To Close Oct 1
August 27 2010 - 6:54PM
Dow Jones News
DOW JONES NEWSWIRES
United Airlines's parent UAL Corp. (UAUA) and Continental
Airlines Inc. (CAL) said they expect their merger to close Oct. 1
after they were notified that the Department of Justice has
concluded its investigation of the deal.
The carriers previously said they were confident of closing the
$3 billion stock-swap deal by year end.
Earlier Friday, the airlines said they would lease take-off and
landing slots at Newark Liberty International Airport to Southwest
Airlines Co. (LUV) to ease concerns of regulators about the
proposed merger.
Continental's shares were at $21.73, down 7 cents, in
after-hours trading, while UAL's were at $20.46, up 1 cent.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357;
Kathy.Shwiff@dowjones.com
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