Journal of Transportation
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Continental Airlines, Inc.
Continental Airlines Announces Pricing of Public Equity Offering
June 30th, 2008
Continental Airlines, Inc. (NYSE:CAL) announced the pricing of a public offering of 11 million shares of its Class B Common Stock at a price to the public of $14.80 per share. Continental has granted the underwriter a 30-day option to purchase an additional 1,650,000 shares of common stock to cover over-allotments, if any. Continental expects the issuance and delivery of the shares to occur on June 25, 2008.
UBS Investment Bank is acting as sole underwriter for the offering. When available, copies of the prospectus supplement and prospectus relating to the offering may be obtained from UBS Investment Bank, 299 Park Ave., New York, New York 10171 or by calling 888-827-7275....
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Source: Journal of Transportation (2008-06-30)