The New York Times
Fri, August 27, 2010 -- 6:02 PM ET
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Justice Department Approves United-Continental Merger
The Justice Department late Friday said that it had approved
the planned $3 billion merger between United Airlines and
Continental Airlines, lifting the biggest regulatory hurdle
to the creation of the world's top airline.
United and Continental, which announced their plans in May,
expect to complete their merger within a few weeks, after
shareholders of both companies vote on whether to approve the
deal, but they will continue to operate as separate airlines
for another year.
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