Spirit Airlines stockholders appear to have approved the acquisition from rival JetBlue Airways Corp. in a deal that would create the nation's fifth-largest carrier.
The final results of the shareholder vote will be filed with the U.S. Securities and Exchange Commission at a later date. While many shareholders support the JetBlue-Spirit combination, Spirit is facing shareholder backlash, stating in a recent SEC filing that it has received complaints regarding the deal, and that additional lawsuits related to the merger could be filed in the future.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spirit Airlines shareholders approve $3.8B merger with JetBlueWall Street widely expected shareholders to approve the sale after they forced Spirit to drop a proposed merger with Frontier Airlines in favor of JetBlue’s richer, all-cash offer.
Source: nypost - 🏆 91. / 67 Read more »
Spirit Airlines shareholders expected to vote on JetBlue mergerSpirit Airlines shareholders are expected to vote Tuesday on whether to approve a merger with JetBlue Airways, a deal that would create the nation’s fifth-largest carrier, but one that would face intense scrutiny from federal regulators. This is a better option than Jetblue joining American Airlines... Would it be called Blue Spirit? Stop the monopolies! Enforce antitrust laws!
Source: washingtonpost - 🏆 95. / 72 Read more »