Reply to thread

Message

<blockquote data-quote="WPLG" data-source="post: 56984" data-attributes="member: 158">JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation's fifth largest airline if approved by U.S. regulators.The agreement Thursday comes a day after Spirit's attempt to merge with Frontier Airlines fell apart. Spirit had recommended its shareholders approve a lower offer from Frontier, saying that antitrust regulators are more likely to reject the bid from JetBlue.JetBlue said Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There's also a ticking fee of 10 cents per month starting in January 2023 through closing.The combined airline would have a fleet of 458 aircraft. The airlines will continue to operate independently until after the transaction closes.<a href="https://www.local10.com/business/2022/07/28/jetblue-buys-spirit-for-38-billion/" target="_blank">Continue reading...</a></blockquote>

[QUOTE="WPLG, post: 56984, member: 158"] JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation's fifth largest airline if approved by U.S. regulators. The agreement Thursday comes a day after Spirit's attempt to merge with Frontier Airlines fell apart. Spirit had recommended its shareholders approve a lower offer from Frontier, saying that antitrust regulators are more likely to reject the bid from JetBlue. JetBlue said Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. There's also a ticking fee of 10 cents per month starting in January 2023 through closing. The combined airline would have a fleet of 458 aircraft. The airlines will continue to operate independently until after the transaction closes. [url="https://www.local10.com/business/2022/07/28/jetblue-buys-spirit-for-38-billion/"]Continue reading...[/url] [/QUOTE]

Verification