News Formal

Spirit, Frontier abandon merger bid, paving way for JetBlue deal

  • 📰 fox5ny
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.

A combination of Spirit with either Frontier or JetBlue would create the nation’s fifth-largest airline, although it would be still quite a bit smaller than American, United, Delta and Southwest.Attention now will turn toward regulatory hurdles to a deal between Spirit and JetBlue.

Frontier and Spirit announced their deal on Feb. 7, saying they would create a huge discount airline that would save consumers $1 billion a year in airfares by creating a powerful new competitor to American, United, Delta and Southwest. Flight information for a Spirit airlines flight is displayed on the information board at the Miami International Airport on July 27, 2022 in Miami, Florida. Once Spirit was in play for a merger, however, JetBlue CEO Robin Hayes decided that he could not sit back and watch two budget carriers combine and leapfrog his airline in size. On April 5, JetBlue started a bidding war by announcing its own plan to take over Spirit.

Both Frontier and JetBlue raised their bids in recent weeks, including and increasing break-up fees for Spirit shareholders.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 587. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Spirit, Frontier end merger bid, paving way for JetBlue dealSpirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
ソース: DenverChannel - 🏆 239. / 63 続きを読む »

Spirit Airlines shareholders to vote on much-delayed merger with Frontier or JetBlueSpirit Airlines shareholders could pick a preferred buyer for their airline today, when they are scheduled to vote on one of the offers for the budget carrier. If shareholders reject the Frontier bid it would push for an agreement with JetBlue Airways.
ソース: denverpost - 🏆 13. / 72 続きを読む »

Two European Satellite Companies Are Combining in a $3.4 Billion Deal to Rival Elon Musk's SpaceXU.K. satellite firm OneWeb has agreed to be taken over by European rival Eutelsat in a $3.4 billion merger deal.
ソース: NBCDFW - 🏆 288. / 63 続きを読む »