United, Continental Merger Imminent: Report

Law360, New York (April 29, 2010, 6:42 PM EDT) -- Continental Airlines Inc. and UAL Corp.'s United Air Lines Inc. will reportedly announce Monday that they are merging to create the world's largest airline.

The Wall Street Journal reported Thursday, citing anonymous sources, that United's board of directors is meeting Friday to discuss the deal, while Continental's board is meeting Friday and Sunday, with a goal of a Monday announcement.

The Journal's sources said that while the deal could still fall apart, it appears to be on track after a disagreement over pricing.

Continental has agreed...
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