Report: United and US Airways in merger talks; share rise in late trading
By APWednesday, April 7, 2010
Report: United, US Airways in merger talks
NEW YORK — Shares of US Airways and the parent of United Airlines rose in after-hours trading after The New York Times reported that the carriers are in merger talks.
The newspaper’s DealBook blog cites people briefed on the discussions. Those people said no transaction is expected to be announced for at least several weeks, and that talks could still collapse.
Spokespersons for both airlines say they don’t comment on rumors.
Shares of United parent UAL Corp. rose $1.57, or 8.3 percent, to $20.52 in late trading. US Airways Group Inc. rose $1.78, or 26.1 percent, to $8.60.
The CEOs of both airlines have been outspoken about their willingness to be involved in some type of merger.
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