United, Continental To Announce Merger On Monday

United Airlines and Continental Airlines are expected to announce that they are merging to form the world's largest airline on Monday, the Wall Street Journal reported on Thursday, citing unnamed sources.

Continental's board would meet on Friday and Sunday, and United's would meet on Friday, the newspaper said on its website.

United declined to comment and Continental did not immediately respond to a request for comment. Meanwhile, a source close to the situation said concern over the share-price ratio to be used in a potential stock swap was "no longer an issue" and added that an announcement of the deal would likely be made early next week.

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