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CONTINENTAL AIRLINES PRICES STOCK OFFERING

 HOUSTON, Dec. 8 /PRNewswire/ -- Continental Airlines, Inc. today announced it had entered into an agreement for the underwritten public offering of 7,000,000 primary shares of Class B Common Stock at an initial public offering price of $20 per share. The net proceeds to the Company of the offering, estimated at approximately $133 million (approximately $153 million if an overallotment option issued to the underwriters is exercised) will be added to general corporate funds to increase liquidity.
 Merrill Lynch & Co., CS First Boston, Kidder, Peabody & Co., Incorporated, Lehman Brothers and Smith Barney Shearson, Inc. are acting as managing underwriters for the offering.
 The registration statement for the offering was declared effective by the Securities and Exchange Commission on Dec. 7.
 A copy of the Prospectus may be obtained, when available, from any of the underwriters.
 -0- 12/8/93
 /CONTACT: Continental Corporate Communications, 713-834-5080/
 (CAI)


CO: Continental Airlines, Inc. ST: Texas IN: AIR SU: OFR

SH -- NY026 -- 1649 12/08/93 09:33 EST
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Publication:PR Newswire
Date:Dec 8, 1993
Words:165
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