Originally Posted by
Skyflyin
Be careful where you get your news from. The "fly by" media often get it wrong. The article below is from the United Continental Holding website.
United Continental Holdings, Inc. - Investor Relations - News
United and Continental Announce Merger of Equals to Create World-Class Global Airline
HOUSTON & CHICAGO, May 03, 2010 (BUSINESS WIRE) --Continental (NYSE: CAL) and United (NASDAQ: UAUA) today announced a definitive merger agreement, creating the world's leading airline with superior service to customers, expanded access to an unparalleled global network serving 370 destinations around the world, enhanced long-term career prospects for employees, and a platform for improved profitability and sustainable long-term value for shareholders. The all-stock merger of equals brings together two of the world's premier airlines, creating a combined company well positioned to succeed in an increasingly competitive global and domestic aviation industry.
It has zero bearing in the SLI if you think that's where I was headed with this. Merger of Equals is a touchy feely term like, well, shared sacrifice, but means nothing. United had to issue shares of stock in an all stock deal to aquire CAL.
http://www.nytimes.com/2010/05/03/bu.../03merger.html