Continental and United merger talks hit an impasse

Continental Airlines (Houston) and United Airlines (Chicago) have hit an impasse over the weekend due to a disagreement about the price of a stock-for-stock deal, according to The New York Times.

The companies disagree on the exact ratio of shares that United planned to pay for Continental, according to a report on the NYT website. The ratio affects the price United would ultimately pay for the deal.

Read the full report from Reuters:

Copyright Photo: Antony J. Best. Both CO and UA operate the Boeing 777. Boeing 777-224 ER N77006 (msn 29476) climbs away from London (Gatwick). If the merger is completed, the Continental brand would fade into history.