KKTV 11 News | Colorado Springs, Pueblo | News

United Stock To Go On Sale

United Airlines' parent company says its stock will being trading on the Nasdaq (NAZ'-dak) next week, as soon as the company emerges from bankruptcy.

U-A-L Corporation will start issuing as many as 125 (m) million shares of its new common stock as early as February First. Most will go to the company's former unsecured creditors, with eight percent going to 400 United Airlines managers.

United is the nation's second-largest airline, and the dominant carrier at Denver International Airport.

It's also the big brother to Denver-based discount airline, "Ted."

The ticker symbol for the new stock will be U-A-U-A.


KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 2223211 - kktv.com/a?a=2223211