Business Maverick: JetBlue Goes Hostile With Reduced $3.3 Billion Spirit Bid

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 84%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

JetBlue Airways Corp. made a hostile $3.3 billion cash bid for Spirit Airlines Inc., appealing directly to shareholders in an effort to prevail over a rival offer for the discount carrier by Frontier Group Holdings Inc.

— and issued a letter to Spirit shareholders as part of its attempt to derail the Frontier deal, with Chief Executive Officer Robin Hayes arguing that his own proposal offers more value, more certainty and more benefits for all stakeholders.

A Frontier-Spirit Airlines combination, though not so big, would create the largest US deep discounter just as domestic leisure travel bounces back from the Covid-19 pandemic. Under the Frontier deal, investors in Spirit would receive 1.9126 Frontier shares and $2.13 in cash for each Spirit share. Frontier shareholders would own 51.5% of the combined company.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Business Maverick: Cost of Failed Terra Stablecoin Rescue Reaches $2.9 BillionA backer of the collapsed TerraUSD stablecoin has burned through almost all of its more than $3 billion in cryptocurrency reserves in a failed effort to restore its peg to the dollar.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: London property exodus is in reverse as tenants returnTenants flocking to London are driving up rents in the capital, reversing the pandemic “race for space” and adding to the UK’s cost-of-living crisis. I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: Wheat soars in risk to food inflation as India restricts exportsWheat jumped by the exchange limit after India’s move to restrict exports, exposing just how tight global supplies are after the war in Ukraine and threatening to drive up food prices even more. Now, India has announced it will suspend overseas sales to manage its food security. There is a crisis at Motheo TVET in Bloemfontein, why are you not covering that? I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07
Källa: dailymaverick - 🏆 3. / 84 Läs mer »

Business Maverick: New Zealand records its weakest population growth in 30 yearsThe population advanced by just 19,200, or 0.4%, to 5,127,000 at March 31, Statistics New Zealand said on Monday in Wellington. That’s less than the 25,100 gain in the year through March 2021 and is the lowest since the government agency began providing estimates in 1992. I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07 I wish everyone can be like you, Helen, I haven't lost since you have been managing my trading account, I love you so much JonathanHele
Källa: dailymaverick - 🏆 3. / 84 Läs mer »