UAL Signs Buyout Deal: UAL Corp. signed...
From Times Staff and Wire Reports
UAL Signs Buyout Deal: UAL Corp. signed an agreement to be bought for $4.4 billion by a group of its unions, but analysts remain skeptical that the largest-ever U.S. employee-led buyout will succeed. The stock has languished far below the $201-a-share of the employee group’s bid, reflecting the widespread doubts. On Tuesday, it finished up 25 cents to $161.25 on the NYSE.