United-Continental Merger Receives Unconditional Clearance from the European Commission – Yahoo! Finance
United Airlines (NASDAQ: UAUA – News) and Continental Airlines (NYSE: CAL – News) today received unconditional clearance from the European Commission on the airlines’ proposed merger. The Commission noted its investigation found the proposed transaction would not raise any specific concerns in Europe or the trans-Atlantic market.
“We are pleased to have received this clearance from the European Union, a significant market for our combined new company, and we continue to work cooperatively with the U.S. Department of Justice toward an expeditious completion of our merger, which will benefit our customers, our people, our shareholders and the communities we serve,” said Glenn Tilton, UAL Corporation chairman, president and CEO.
