JetBlue Announces Termination of Merger Agreement with Spirit
Mar 4, 2024 · NEW YORK--(BUSINESS WIRE)-- JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger agreement.
JetBlue and Spirit end $3.8B merger. Here's why | AP News
Mar 4, 2024 · JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares.
JetBlue and Spirit Call Off Their $3.8 Billion Merger
Mar 4, 2024 · JetBlue Airways and Spirit Airlines announced on Monday that they would not seek to overturn a court ruling that blocked their planned $3.8 billion merger. The decision is a big win for the...
JetBlue and Spirit Airlines terminate $3.8 billion merger - NBC News
Mar 4, 2024 · JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge blocked the ...
JetBlue pulls out of deal to buy Spirit Airlines - CNN
Mar 4, 2024 · JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. The decision comes in the wake of a federal court ruling blocking the deal from taking place on...
What to know about the blocked JetBlue-Spirit Airlines merger | AP News
Jan 17, 2024 · A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline.
JetBlue Submits Superior Proposal to Acquire Spirit, Positioning ...
Apr 5, 2022 · JetBlue Submits Superior Proposal to Acquire Spirit, Positioning America’s Much-Loved Airline as the Most Compelling National Low-Fare Challenger to the ‘Big Four’ Airlines. All-Cash Offer of $33 Per Share Represents a 52% Premium to Spirit’s Undisturbed Share Price on February 4, 2022, and a 50% Premium to Spirit’s Closing Price on ...
JetBlue, Spirit seek expedited appeal of ruling blocking merger
Jan 30, 2024 · JetBlue Airways and Spirit Airlines are seeking an expedited appeal aimed at reversing a lower court ruling that blocked their $3.8 billion merger.
JetBlue scraps $3.8 billion deal to buy Spirit Airlines - CBS News
Mar 5, 2024 · JetBlue Airways is ending its quest to buy Spirit Airlines more than a month after a federal judge blocked the $3.8 billion deal because of antitrust concerns.
JetBlue and Spirit to Create a National Low-Fare ... - Spirit Airlines
JetBlue will acquire Spirit for $33.50 to up to $34.15 per share in cash, depending on the timing of closing, including 1) an accelerated prepayment of $2.50 per share in cash, payable promptly after Spirit’s stockholders approve the transaction, and 2) a ticking fee prepayment of $0.10 per share per month between January 2023 and the consummati...