Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Frontier’s cash-and-stock offer was valued at $22.03 per share as of Monday’s close

Both JetBlue and Bill Franke-backed Frontier are locked in an intense bidding war for Spirit as they seek to create the fifth-largest airline that can take on the legacy players in the United States.

Shares of JetBlue and Frontier rose more than 3%, while Spirit was up about 2% in early trading amid a broader surge in travel stocks after China eased its quarantine rules. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.

 

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

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines

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

Link Group says Dye & Durham wants to cut takeover offer for companyLink Administration Holdings Ltd. says Dye \u0026amp\u003B Durham Corp. wants to reduce its offer for the firm from A$5.50 per share to A$4.30 per share.
Source: nationalpost - 🏆 10. / 80 Read more »

Australia’s Link Group says Dye & Durham wants to cut takeover offer for companyDye & Durham announced its deal to buy Link Group in December last year for $3.2 billion
Source: globeandmail - 🏆 5. / 92 Read more »

Toronto investment bank Origin Merchant Partners to acquire Chicago advisory firmThe two merger advisory companies have merged after collaborating on a number of cross-border transactions
Source: globeandmail - 🏆 5. / 92 Read more »