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Continental Airlines and United Airlines reportedly to announce merger on 03-May-2010

30-Apr-2010 12:18 PM

Continental Airlines and United Airlines reportedly plan to announce a merger on 03-May-2010 (msnbc.com/Financial Times, 29-Apr-2010). Meanwhile, if a merger proceeds, United and Continental’s top executives will receive performance-based equity rewards that are normally received over several years which would be brought forward if more than 50% of the company’s shares changed hands.