UAL (UAUA +4.1%) shares continue to rise on talk of a merger with US Airways (LCC -0.9%), but...

|By:, SA News Editor

UAL (UAUA +4.1%) shares continue to rise on talk of a merger with US Airways (LCC -0.9%), but it's an odd market reaction for a company that's the acquirer. Analysts think UAL itself is a takeover target. "The question is, 'Are they the buyer or the buyee?'" one analyst says. "I think people want to own United in case it becomes a buyee."