Continental Air: Offering of 11M Class B shares prices at USD14.80 each

San Francisco (Thomson Financial) - Continental Airlines Inc. said late Thursday its public offering of 11 million shares of Class B common stock has priced at $14.80 each.

The Houston-based airline has granted the underwriter, UBS Investment Bank, a 30-day option to purchase up to an additional 1.65 million shares to cover any over-allotments. Shares of Continental closed at $15.59.

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More