General Lee
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Reuters
Continental and United ready if others merge: sources
Monday April 14, 6:28 pm ET
NEW YORK (Reuters) - Continental Airlines (NYSE:CAL - News) and United Airlines (NasdaqGS:UAUA - News) have laid most of the groundwork for a merger, two people briefed on the matter said, and could have a deal ready "pretty quickly" if Delta Air Lines and Northwest Airlines announce a tie-up, one of them said.
Continental, which has said it would prefer to be independent unless the competitive landscape changes, plans to get back to the negotiating table with United if a merger between between Delta (NYSE:DAL - News) and Northwest (NYSE:NWA - News) is announced, both sources said.
Both the people requested not to be identified because of the confidential nature of the talks.
A Delta-Northwest merger proposal is expected to be announced late Monday or Tuesday.
(Reporting by Jui Chakravorty; Editing by Tim Dobbyn)
Bye Bye--General Lee
Continental and United ready if others merge: sources
Monday April 14, 6:28 pm ET
NEW YORK (Reuters) - Continental Airlines (NYSE:CAL - News) and United Airlines (NasdaqGS:UAUA - News) have laid most of the groundwork for a merger, two people briefed on the matter said, and could have a deal ready "pretty quickly" if Delta Air Lines and Northwest Airlines announce a tie-up, one of them said.
Continental, which has said it would prefer to be independent unless the competitive landscape changes, plans to get back to the negotiating table with United if a merger between between Delta (NYSE:DAL - News) and Northwest (NYSE:NWA - News) is announced, both sources said.
Both the people requested not to be identified because of the confidential nature of the talks.
A Delta-Northwest merger proposal is expected to be announced late Monday or Tuesday.
(Reporting by Jui Chakravorty; Editing by Tim Dobbyn)
Bye Bye--General Lee
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