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From: FlyerTalk
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| Replies:16 Views:556 |
[Thread created: 12:37 1-Apr-08] |
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Title: Continental to buy US Airlines.
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Summary:
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HOUSTON, April 1 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL), US Airways Group (NYSE: LCC) Larry Kellner, the chief executive officer and chairman of Continental Airlines, announced a take over bid for the US Airways Group, more commonly know as US Airways. The deal valued at around five billion, and will be done in cash and stock.
Larry Kellner announced the deal from Continental's headquarters in Houston. US Airways CEO, W, Douglas Parker was on hand for the announcement. Both CEOs cha...(more)
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