UAL plans to sell up to $200 million in shares
United Airlines parent UAL Corp. said it would sell as much as $200 million in shares and use the proceeds for general corporate purposes.
JP Morgan Securities Inc. and Morgan Stanley & Co. will manage the sale, Chicago-based UAL said today in a U.S. regulatory filing. UAL fell 68 percent this year in Nasdaq trading before today.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.