United Airlines (UAUA) And Continental (CAL) Merger Stalls Over Transaction Share Price

In what is being termed as a potential deal-breaker, United Airlines (NASDAQ: UAUA) and Continental (NYSE: CAL) have locked horns over time reference to be used for share prices in stock transaction.

Continental wants to use the share prices before the announcement of the merger, as the share prices were ‘unaffected’ by the news of the merger. However, United Airlines wants to use the one at the later point in time. It is noteworthy that share prices of United Airlines have risen faster than those of Continental since the announcement of merger. The ‘unaffected’ share price is bound to favor Continental.