HOUSTON, June 19 /PRNewswire-FirstCall/ -- Continental Airlines, Inc.
(NYSE: CAL) today 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.
UBS Investment Bank is acting as sole underwriter for the offering.
When available, copies of the prospectus supplement and prospectus relating
to the offering may be obtained from UBS Investment Bank, 299 Park Ave.,
New York, New York 10171 or by calling 888-827-7275. These documents will
also be filed with the Securities and Exchange Commission and will be
available at the SEC's Web site at http://www.sec.gov.
The shares will be issued pursuant to a shelf registration statement
that was previously filed. This press release shall not constitute an offer
to sell or a solicitation of an offer to buy shares of Continental common
stock. An offering of shares of Continental common stock will be made only
by means of a prospectus. The prospectus shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
Statements in this press release contain "forward-looking" information
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such statements involve a
number of risks and uncertainties. Those factors include conditions in the
financial markets and customary offering closing conditions. Please see
Continental's filings with the SEC for certain other factors that may
affect forward-looking information.
SOURCE Continental Airlines, Inc.
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Related links:
http://www.continental.com
http://www.continental.com/company/news
CONTACT:
Continental Airlines, Inc. Corporate
Communications, Houston, +1-713-324-5080, corpcomm@coair.com
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