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UNITED WITHDRAWS OFFER FOR TWA'S O'HARE ASSETS

 UNITED WITHDRAWS OFFER FOR TWA'S O'HARE ASSETS
 CHICAGO, July 9 /PRNewswire/ -- United Airlines made the following


statement today with respect to the withdrawal of its offer to purchase TWA's O'Hare assets pending before the U.S. Bankruptcy Court in Wilmington, Del.:
 "United had the highest offer before the bankruptcy court. Unfortunately, in the face of American Airlines' litigation threats against TWA, neither TWA nor its creditors' committee were prepared to accept United's higher offer. United was unwilling to participate where it was not supported by TWA and its creditors' committee and, therefore, it withdrew its offer from the court's consideration."
 -0- 7/9/92
 /CONTACT: Joe Hopkins (media), 708-952-5770, or after hours, 708-952-4088, or Pamela Hanlon (investors), 708-952-7501, both of United/
 (UAL) CO: United Airlines; Trans World Airlines ST: Illinois, New York IN: AIR SU:


GK -- NY057 -- 7889 07/09/92 13:48 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 9, 1992
Words:144
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