Investors Reduce Holdings in UAL

A group led by LA Partners L.P. of New York, has reduced its stake in UAL Corp., the Chicago-based parent of United Airlines, from 5.51% to 4%, or 849,435 common shares.

The group, which also includes LA International Ltd., sold a total of 310,300 UAL shares between March 31 and April 14 for from $117.25 to $120 each, according to a filing with the Securities and Exchange Commission.

Several principals in LA Partners, including Paul E. Tierney Jr., are also involved with Coniston Partners, the group bidding to acquire TW Services.