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30-Sep-2010 1:08 PM

United and Continental merger could be finalised as early as this week

United Airlines and Continental Airlines' merger could be finalised as early as this week, with the carrier adding that it is progressing with plans to integrate the airlines 87,000 employees into one workforce (Reuters, 29-Sep-2010). The airlines are targeting 01-Oct-2010 to close United's USD3.17 billion all-stock purchase of Continental after shareholders at both airlines approved the agreement on 17-Sep-2010. The merger will form the world's largest carrier.

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