satpak77
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http://online.wsj.com/article/SB100...5534.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
BY SUSAN CAREY AND DENNIS BERMAN
Merger talks that came to light last week between UAL Corp.'s United Airlines and US Airways Group Inc. have become "very serious," said one person close to the matter. But they remain sensitive and it is just as likely the discussions will fall apart as result in a done deal, this person noted.
Any transaction would be an all-stock merger, with United being the surviving entity, this person said. The share premium to be paid to US Airways shareholders hasn't been settled. Another person familiar with the talks said the two sides haven't yet agreed who would run the combination.