WSJ: http://online.wsj.com/article/SB1000142 ... l?mod=e2tw
Continental Airlines Inc. and UAL Corp.'s United Airlines are expected to announce Monday that they are merging to form the world's largest airline by traffic, people familiar with the matter said.
The United board is meeting Friday, while Continental's board is meeting Friday and Sunday to discuss the deal, these people said.
These people cautioned that negotiations could fall apart at the last minute as they did in 2008, when Continental backed away. But after a hiccup over pricing the transaction, the talks appear to be on track, they said.
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