21-Sep-2010 10:54 AM

United to list on NYSE under ticker symbol UAL

UAL Corporation (United Airlines) and Continental Airlines announced (20-Sep-2010) that following the closing of the merger of a wholly owned subsidiary of UAL with and into Continental, the holding company intends to list its common stock on the New York Stock Exchange (NYSE) and open trading under the ticker symbol UAL subject to approval by the UAL Board of Directors and the NYSE. Upon the closing of the merger, the holding company, UAL Corporation, will be renamed United Continental Holdings Inc. The companies expect to close the merger by 01-Oct-2020 and commence trading of the common stock of United Continental Holdings (UAL) on that day. Until that time, the common stock of UAL Corporation will continue to trade under the ticker symbol UAUA on the NASDAQ exchange and the common stock of Continental will continue to trade under the ticker symbol CAL on the NYSE. The companies have received clearance on the proposed merger from the US Department of Justice and the European Commission, and the stockholders of both companies have approved the transaction. Continental Airlines added that stock options and shares held through the Employee Stock Purchase Plan (ESPP) will be converted into UAL stock options and shares in accordance with the merger agreement. [more - United] [more - Continental SEC Filing]

Want More News Like This?

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