Originally Posted by
ewrbasedpilot
Not quite sure where you're getting your information, but UAL DIDN'T "buy" Continental........and why would CAL have to pay anything? That's like saying if USAirways wanted to buy us and we said no, we'd have to pay them to NOT buy us. Kind of scammy isn't it? BTW, we didn't pursue UAL to make this "merger" happen........... ONLY the BOD and Smisek wanted it.....and that was after he "lied" to us and told us he wasn't interested in making this happen.......until he saw the $$$$$$.
Actually, in most merger agreements, there is a "break-up" fee that one party would have to pay the other in the event it backs out of the deal.