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The government sought Continental Can's divestiture of the assets of Hazel-Atlas, arguing that the merger was a violation of Section 7 of the Clayton Antitrust Act. The government claimed ten product markets existed, including the can industry, the glass container industry, and various lines of commerce defined by the end use of the containers.
Krusteaz is a consumer food product brand line of Tukwila, Washington-based Continental Mills, now The Krusteaz Company. [1] Its original product was "the world's first" just-add-water pie crust mix, [2] followed by a factory-prepared, shelf-stable flour and dried buttermilk mixture, [3] developed in 1946 or 1947 at the home economics department of the University of Washington, [4] for making ...
Any large airline merger is done to improve efficiency and that nearly always means closing redundant routes. Mergers also usually led to layoffs -- a tactic combined carriers use to reduce costs.
In a friendly takeover, the management doesn't usually change, and the takeover works to the benefit of the target company. In a hostile takeover there may be an attractive public offer for the shares, or unsolicited merger proposals for the management, accumulation of controlling shares through buying in the open market, or proxy fights.
Continental Airlines (CAL) and UAL Corp (UAUA), owner of United, closed their merger deal Friday, creating the world's largest air carrier, called United Airlines. The new holding company, United ...
For United Continental Holdings , however, the dream has become a nightmare at times, as merger troubles overshadowed the Why This Airline Merger's Benefits Still Haven't Taken Off Skip to main ...
A consolidated merger is a merger in which an entirely new legal company is formed through combining the acquiring and target company. The purpose of this merger is to create a new legal entity with the capital and assets of the merged acquirer and target company. Both the acquiring and target company are dissolved in the process. [34]
United Airlines When a San Francisco judge canned a lawsuit brought by 49 unhappy fliers this week, the skies were cleared for United Airlines and Continental to fly as one. The passengers are ...