UAL stock to be listed on Nasdaq as 'UAUA'

By Caroline Salls

Pittsburgh, Jan. 24 - UAL Corp.'s new stock issue will be listed on Nasdaq and will trade under the ticker symbol "UAUA" beginning in early February, according to a company news release.

Under its plan of reorganization confirmed last week by the U.S. Bankruptcy Court for the Southern District of New York, UAL will begin to issue up to 125 million common shares in early February. Most shares will go to the company's former unsecured creditors.

"United has made fundamental and sustainable improvements in our operations, cost structure and revenue strategy," chairman, president and chief executive officer Glenn F. Tilton said in the release.

"As we look to our future as a publicly traded company, we concluded that Nasdaq, with its cadre of dynamic companies, state-of the-art electronic trading platform and focus on first-rate customer service, was a natural fit for us."

UAL, the Chicago-based parent of United Airlines, filed for bankruptcy on Dec. 9, 2002. Its Chapter 11 case number is 02-48191.

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