Spirit Airlines postpones vote on Frontier merger a third time

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

DEAL DIVERTED: Spirit Airlines postpones vote on Frontier merger a third time

JetBlue is offering Spirit shareholders $33.50 in cash, or $3.6 billion. Frontier's bid is mostly stock and only $4.13 per share in cash. A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport.There have been concerns that a deal with JetBlue would raise issues with antitrust regulators and would block a deal.

JetBlue says it can win antitrust approval, and that Spirit shareholders who believe airline shares will rise can plow the cash they get from JetBlue back into airline stocks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sell Twitter! Joe Biden took showers with daughter Ashley!

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:

 /  🏆 458. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spirit expanding at Newark Airport amid merger talks with JetBlue, FrontierSpirit Airlines beat out competitors JetBlue and Alaska for 16 peak runway times at Newark Liberty International Airport, according to the Department of Transportation. Newark and Spirit, that’s just like departing the purgatory and stepping into the realms of hell. Lovely.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stocks Making the Biggest Moves Premarket: Uber, DoorDash, Spirit, Altria and MoreThese are the stocks posting the largest moves before the bell.
Source: nbcchicago - 🏆 545. / 51 Read more »