Originally Posted by
sleeves
No, both shareholders were given United Continental Holdings stock.
Not correct.
UCH is simply the pre-merger UAL Corporation which was renamed as a result of the merger. Thus, pre-merger UAL stockholders did not receive any new stock.
(And yes, I've won lots of beers over this topic. Hint: it is all in the merger prospectus available on the UA Investor Relations website and explains why
technically CAL was purchased by UAL in an all stock transaction using UAL stock as the form of payment. Not that it matters
at all in 2013.)