United Continental: Why Activist Agreement is Good News
April 20, 2016 at 10:42 AM EDT
United Continental ( UAL ) has lagged Delta Air Lines ( DAL ) and American Airlines ( AAL ) during the past three years, so it shouldn't have come as a surprise that it was targeted by activists . But now, United has reached a deal with those activists to end the standoff, and its one that Evercore ISI's Duane Pfennigwerth and Raymond Wong argue is good news for shareholders. They explain why: