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United Plans to List on NYSE Under Ticket Symbol UALSeptember 20, 2010 By: Melanie Gretchen
Today, UAL Corporation, the holding company whose primary subsidiary is United Airlines, and Continental Airlines announced that, following the closing of the merger of a wholly owned subsidiary of UAL with and into Continental, the holding company plans to list its common stock on the New York Stock Exchange (NYSE) and open trading under the ticker symbol, UAL, subject to approval by the UAL board of directors and the NYSE. After the closing of the merger, the holding company, UAL Corporation, will be renamed United Continental Holdings, Inc.
Both companies expect the merge to go through by Friday, October 1, and begin trading of the common stock of United Continental Holdings, Inc. under the symbol, UAL, that day, following clearance on the proposed merger from the United States Department of Justice and the European Commission, as well as approval of the transaction from the stockholders of both companies. Until then, the common stock of UAL Corporation will continue to trade under the ticker symbol, UAUA, on the NASDAQ exchange, and the common stock of Continental will continue to trade under the ticker symbol, CAL, on the NYSE.