UAL Corporation’s stockholders approve the merger of United and Continental
UAL Corporation, the parent company whose primary subsidiary is United Airlines (Chicago), announced yesterday (September 17) that its stockholders approved the merger of a wholly owned subsidiary of UAL with and into Continental Airlines (Houston), clearing the way for the merger to close by an expected date of October 1. More than 98 percent of the votes cast and 84 percent of the shares outstanding were voted by UAL stockholders in favor of the transaction. More than 98 percent of the votes cast and 75 percent of the shares outstanding were voted by Continental stockholders in favor of the transaction.
Copyright Photo: Bruce Drum. Although the United name will survive, many observers are lamenting the loss of this sharp-looking scheme for United Airlines which was introduced in 2004 and will now be retired. This merger will also end the long reign of the “U” logo which was first introduced in 1974 in another form.