Continental Airlines (CAL) Announces Pricing Of Public Equity Offering
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Continental Airlines, Inc. (NYSE: CAL) announced the pricing of a public offering of 11 million shares of its Class B Common Stock at a price to the public of $14.80 per share. Continental has granted the underwriter a 30-day option to purchase an additional 1,650,000 shares of common stock to cover over-allotments, if any. Continental expects the issuance and delivery of the shares to occur on June 25, 2008.
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