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Low-cost carriers JetBlue and Spirit agreed to terminate their $3.8 billion merger agreement after facing significant regulatory and legal hurdles. On Monday, the airlines issued a joint statement ...
JetBlue Airways and Spirit Airlines are ending their proposed $3.8-billion merger weeks after a federal judge blocked the the deal, saying it would hurt consumers who depend on Spirit’s lower fares.
JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger.. JetBlue said Monday that even though both companies still believe in the ...
JetBlue and Spirit Airlines terminate $3.8 billion merger . ... With the deal off the table, Spirit must confront its financial problems alone, something its leaders say it is equipped to do.
JetBlue offered about $3.7 billion for Spirit, agreeing to pay all cash for its shares, while Frontier had proposed a cash and stock deal valued at about $1 billion less than the JetBlue offer.
JetBlue and Spirit Airlines have called off their $3.8 billion proposed merger after regulators blocked the deal. Spirit Airlines stock skid nearly 15% as of 11 a.m. Eastern Time Monday, while ...
JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said on Wednesday it would follow a US judge’s May order that it end an alliance with American Airlines.
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.
JetBlue said it would pay Spirit $69 million to terminate the deal, which federal antitrust regulators blocked. By J. Edward Moreno JetBlue Airways and Spirit Airlines announced on Monday that ...
JetBlue will pay Spirit $69 million to terminate the deal. Spirit Airlines’ CEO Ted Christie on Monday said the company is “disappointed” it couldn’t move forward on a deal that would have ...
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