
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, March 20, 1990                   TAG: 9003202453
SECTION: BUSINESS                    PAGE: B4   EDITION: METRO 
SOURCE: 
DATELINE: NEW YORK                                LENGTH: Short

UNITED'S THREE UNIONS PLAN NEW BID FOR UAL

United Airlines' three unions and its largest investor said Monday that they were joining to try to buy the carrier for $150 a share in cash plus notes and stock in a new company.

The unions joined forces with Coniston Partners in the effort, which was expected to begin with a proxy fight for control of UAL's board of directors, and promised major concessions on wages and benefits if it succeeds.

The new group said its strategy was to elect its own slate of directors at the April 26 annual meeting of United's parent, UAL Corp. - Wire reports

by CNB