CAL's Boeing 84 (98 options) Aircraft Order
04-24-2013, 10:21 AM
#21
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Originally Posted by ewrbasedpilot
From a previous thread.........................
From the latest 8-K
Item 2.01 Completion of Acquisition or Disposition of Assets.
Effective March 31, 2013, pursuant to the Merger Agreement, United merged with and into Continental, with Continental continuing as the surviving corporation of the Merger and changing its name to "United Airlines, Inc." In accordance with the Merger Agreement, at the effective time of the Merger, each outstanding share of United common stock immediately prior to the Merger was cancelled and retired and no consideration was delivered in exchange therefor. Each outstanding share of Continental common stock immediately prior to the Merger remained outstanding and was unaffected by the Merger.
On March 28, 2013, Continental Airlines, Inc., a Delaware corporation ("Continental") and a wholly-owned subsidiary of United Continental Holdings, Inc. ("UAL"), and United Air Lines, Inc., a Delaware corporation ("United") and a wholly-owned subsidiary of UAL, entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for the merger of United with and into Continental (the "Merger"). On March 31, 2013, United merged with and into Continental, with Continental continuing as the surviving corporation of the Merger and as a wholly-owned subsidiary of UAL. Upon the closing of the Merger on March 31, 2013, Continental's name was changed to "United Airlines, Inc." (the "Survivor").
From the latest 8-K
Item 2.01 Completion of Acquisition or Disposition of Assets.
Effective March 31, 2013, pursuant to the Merger Agreement, United merged with and into Continental, with Continental continuing as the surviving corporation of the Merger and changing its name to "United Airlines, Inc." In accordance with the Merger Agreement, at the effective time of the Merger, each outstanding share of United common stock immediately prior to the Merger was cancelled and retired and no consideration was delivered in exchange therefor. Each outstanding share of Continental common stock immediately prior to the Merger remained outstanding and was unaffected by the Merger.
On March 28, 2013, Continental Airlines, Inc., a Delaware corporation ("Continental") and a wholly-owned subsidiary of United Continental Holdings, Inc. ("UAL"), and United Air Lines, Inc., a Delaware corporation ("United") and a wholly-owned subsidiary of UAL, entered into an Agreement and Plan of Merger (the "Merger Agreement") providing for the merger of United with and into Continental (the "Merger"). On March 31, 2013, United merged with and into Continental, with Continental continuing as the surviving corporation of the Merger and as a wholly-owned subsidiary of UAL. Upon the closing of the Merger on March 31, 2013, Continental's name was changed to "United Airlines, Inc." (the "Survivor").
Could you provide me your understanding of a Reverse Triangular Merger and what a Merger of Equals is as it pertains to the Reverse Triangular Merger? A case study that I looked at was the Kmart purchase of Sears after Kmart had gone bankrupt. This is not to insinuate any association with either company, its just how the banksters put things together so they can get their money back, how NOL's are handled going forward, tax implications for the merger etc. It is interesting reading if you are inclined to do so.
Maybe I am wrong and the merger was not a Reverse Triangular Merger. Let me know what you think.
Craig
04-24-2013, 11:07 AM
#23
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Joined APC: Nov 2010
Posts: 3,071
Originally Posted by Maxepr1
That all you got special? It's getting a little old.... You back at work yet on the United side?
04-25-2013, 02:24 PM
#24
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Joined APC: Oct 2006
Position: 737
Posts: 590
Originally Posted by Yak02
My pay check as of 04-01-2013 is from Continental Airlines, Inc. in Houston, Texas.
The Air Carrier Certificate and Operation Specifications I operate under say Continental Airlines, Inc. on them.
The Certificate of Registration on those B787's Have Continental Airlines, Inc. on them.
The ETC finance agreements are registered to Continental Airlines, Inc. My Edward Jones advisor just bought more last week.
Maybe I'm just seeing things.
The Air Carrier Certificate and Operation Specifications I operate under say Continental Airlines, Inc. on them.
The Certificate of Registration on those B787's Have Continental Airlines, Inc. on them.
The ETC finance agreements are registered to Continental Airlines, Inc. My Edward Jones advisor just bought more last week.
Maybe I'm just seeing things.
Mine switched on 4/1 to UNITED AIRLINES PAYROLL ....did say Cal before.
???
04-25-2013, 02:39 PM
#25
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Joined APC: May 2009
Position: The GF of FUPM
Posts: 3,073
Originally Posted by ewrbasedpilot
I do find it interesting that the incredible UAL was downsizing, furloughing, and pretty much anything else it could do to make itself "attractive" for a merger. Why would such a powerful, cash loaded, wonderful airline have to do things like that if things were so great as many say on here?
US Dept of Justice, Antitrust Division. Try and keep up.
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