Bradsher, Keith. 1989. "UAL Board to Consider Its Next Step." New York Times (23 October): p. D1. The 190 point fall in October 1987 may have been triggered by the announcement that financing for the takeover of United Airlines was not going to be forthcoming. "In interviews last week, 13 arbitragers at 11 large brokerages and private companies described bouts of panic selling by takeover speculators eager to liquidate at any price because the deal had become to risky and because they needed money to repay debts. Some arbitragers said several small arbitrage
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