continental042608
On the homepage
Afghanistan
Out There
Music
Television
United-Continental deal said to be near
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
United Airlines and Continental Airlines are getting closer to a merger agreement and would like to wrap up a deal by the end of next week, people with direct knowledge of the discussions said Friday.
The negotiations, which have been underway for months, accelerated after Delta Air Lines and Northwest Airlines announced a $3 billion deal April 14 that would create the nation's biggest carrier.
The talks between United and Continental are in an advanced stage, the people who had been briefed on them said. They requested anonymity because the talks were private.
The two airlines would like to be finished by Thursday, the sources added, although the negotiations could hit delays.
As with Delta and Northwest, United and Continental would like to win regulatory approval before President Bush leaves office rather than risk delays that could take place under a new president.
Continental is getting ready to provide details of any possible deal, at least if its Web page is any indication.
The Houston-based airline has posted a link on its home page to a new part of its site that looks as though it can quickly be transformed into a merger information page.
The page went live April 15, Continental spokesman Dave Messing said Friday, but only began getting attention this week. He declined to comment further.
Shares of United's parent, UAL Corp., fell 19 cents Friday, to $15.21; Continental closed at $17.22, down 46 cents.
NEW YORK TIMES
Recent Business stories
8 from St. Louis plead guilty sending illegal profits from stolen goods to Palestinian groups - April 25, 2008
8 from St. Louis plead guilty sending illegal profits from stolen goods to Palestinian groups - Eight men have pleaded guilty to federal charges for selling stolen goods at five St. Louis area convenience stores and funneling part of their profits to the Palestinian territories. More
Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Read all 1 comments | Hide reader comments