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Originally Posted by pilot64golfer
(Post 1529285)
Well United did buy CAL. It was a all stock deal. CAL shareholders were given UAL stock. UAL then owned all the assets.
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Originally Posted by pilot64golfer
(Post 1529285)
Well United did buy CAL. It was a all stock deal. CAL shareholders were given UAL stock.
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Originally Posted by sleeves
(Post 1529329)
No, both shareholders were given United Continental Holdings stock.
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.) |
Originally Posted by Free Flyer
(Post 1528280)
And cue the infighting once again. This'll never get old. Thank goodness I only have 27 years until I retire!
We are so predictable!!! |
Blah blah blah blah blah ^^^^^^^^^^^
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Originally Posted by sleeves
(Post 1529329)
No, both shareholders were given United Continental Holdings stock.
If you had UAL stock pre-merger, its exactly the same. They just added the name Continental to the existing corporate structure. CAL is in the history books along with TWA, Northwest, etc. |
Cal is in the books, you were just lucky enough to get our paint job, and our management !!!!:(
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Originally Posted by Moombabeach
(Post 1529957)
Cal is in the books, you were just lucky enough to get our paint job, and our management !!!!:(
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Originally Posted by pilot64golfer
(Post 1529968)
Yes. CAL may be in the history books, but let's hope we can put this management in the history books as well.
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