Originally Posted by
Regularguy
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Now as far as "equals" UAL Inc. brought the cash to the deal which made it happen. With out the money CAL would have filed bk and UAL would be swallowed up and sold off in pieces to the highest bidder.
You could of just said CAL needed to merge to survive long term, but no you had to remind all us CAL folks that we were 'saved' by UAL.
Btw the true liquidity to make this deal happen came from Jamie Dimon, not Glenn Tilton.