Transportation
As Fast As Rumors Run Stock, Delta/United Deny Talks (UAUA, DAL)
Published:
Last Updated:
Delta Air Lines (NYSE:DAL) has canned the notions and the reports on Wall Street and Main Street that it is in merger dicusssions with United Airlines’ parent UAL Corp. (NASDAQ:UAUA).
Wall Street has just shown the two that their stocks will rise if they so choose to merge because UAL (UAUA) traded as high as $49+ before closing up 1.5% at $44.17, while Delta traded as high as $21.10 before closing up 4.3% at $19.56.
Assuming you belive the companies about not being in talks (despite their denial), you can blame rumor-mongering or overly aggressive reporting.
Jon C. Ogg
November 14, 2007
Jon Ogg produces the more detailed 24/7 Wall St. subscriber-based Special Situation Investing Newsletter which covers "actual" buyouts, reorganizations, spin-offs and more; he does not own securities in the companies he covers.
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.