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United, Continental complete merger

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by Michele Catahay

Guam - United and Continental have formally merged, as an announcement was made today by united continental holdings. With approximately $9 billion in unrestricted cash at closing, United expects the merger will deliver as much as $1.2 billion in net annual synergies by 2013, including between $800 million and $900 million of incremental annual revenue. 

The company expects that travelers will begin to see a more unified product in the spring of 2011. It also creates a platform for greater job stability, career opportunities and retirement security for its employees.

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