(Bloomberg) — United Airlines Holdings Inc. is seeking to raise more than $1 billion by selling shares, stepping up efforts to increase capital to survive a collapse in travel demand.The offering consists of 39.25 million shares an option for the underwriters to buy an additional 3.93 million shares, United said in a statement Tuesday. The deal is expected to price before the market opens Wednesday between $25.95 and $26.50 a share, said a person familiar with the matter. That would be a discount of as much as 6.9% to the last closing price.The share sale, the first by a major …read more
Source:: Yahoo Finance
