12/27/2002: United Pilots Propose Issuing New Shares to ESOP (Chicago Tribune via NewsAlert.com)Excerpt: "Pilots for United Airlines, fearing a bankruptcy court judge may allow the sale of millions of shares of stock held by an employee stock ownership plan, are proposing to issue millions of new shares to save its seat on the carrier's board of directors. The new shares would be granted to the ESOP, freeing the plan's trustee to resume selling the millions of shares it still owns."
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