Originally Posted by
Horhay
Oops, sorry, I stand corrected. It wasn't a "cash" deal, you're right...it was a stock transaction.
United acquired CAL by issuing 1.05 U shares for each CAL share...it was more simply an acquisition and NOT a cash purchase per se...therefore; United acquired Continental in this manner...
We good?
Cheers,
Horhay
So what does that have to do with the seniority list?
Point to where in ALPA merger policy or Alleghany-Mohawk it states that matters.
United Airlines did not acquire CAL, UAL Corp did. UAL Corp, which United Airlinesa wholly own subsidiary of, acquired CAL. So UAL corp is just merging its subsidiaries.
Here is from page one of the Annual report for 2009...
UAL Corporation (together with its consolidated subsidiaries, “UAL”), a holding company whose principal subsidiary is United Air Lines, Inc. (together with its primary subsidiaries, “United”), was incorporated under the laws of the State of Delaware on December 30, 1968. We sometimes use the words “we,” “our,” “us,” and the “Company” in this Form 10-K for disclosures that relate to both UAL and United. Our world headquarters is located at 77 W. Wacker Drive, Chicago, Illinois 60601. The mailing address is P.O. Box 66919, Chicago, Illinois 60666 (telephone number (312) 997-8000).
Form 10-K