The bid introduces a new factor into an ongoing merger effort involving Spirit and Frontier.
Tuesday’s bid introduces a significant factor into an ongoing merger effort involving Spirit and low-cost carrier Frontier Airlines that would create the nation’s fifth-largest carrier.
In a statement responding to JetBlue’s bid, Frontier said the latest offer “would lead to more expensive travel for consumers.” Frontier cited “significant East Coast overlap between JetBlue and Spirit” that it said would reduce competition and options for consumers. Under the Spirit and Frontier agreement, Spirit shareholders would receive 1.9126 shares of Frontier stock plus $2.13 in cash for each existing Spirit share they own, according to Spirit. Frontier said that agreement has “substantial upside potential” for both companies’ shareholders.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
JetBlue makes all-cash offer to buy Spirit Airlines, could spark bidding warThe aggressive cash offer is said to be part of a strategy to throw a wrench in a plan for Spirit to merge with Frontier, another U.S. budget airline.
Leer más »
JetBlue makes offer for Spirit Airlines, could spark bid warJETBLUE MAKES OFFER: Spirit said Tuesday that its board will evaluate the JetBlue bid and decide what's best for its shareholders. MORE:
Leer más »
JetBlue makes bid for Spirit Airlines, potentially sparking bidding warJetBlue offered $33 per share in cash, which would be about 40% higher than Frontier would pay for Spirit under terms of a deal announced in February.
Leer más »
JetBlue bids for Spirit Airlines, potentially spoiling Spirit’s merger with Denver-based FrontierJetBlue Airways has made an offer to acquire Spirit Airlines for roughly $3.6 billion, three people with knowledge of the matter said, throwing a wrench into Spirit’s plan to merge with Frontier Airlines. (via nytimes)
Leer más »
JetBlue offers to buy Spirit Airlines for about $3.6 billion cashJetBlue Airways offered to buy Spirit Airlines for roughly $3.6 billion in cash, the budget airline announced on Tuesday afternoon.
Leer más »
JetBlue makes offer for Spirit in attempt to derail deal with FrontierJetBlue Tuesday made an unsolicited $3.6 billion offer for low-fare rival Spirit Airlines in an attempt to derail a proposed deal between Spirit and Frontier Airlines.
Leer más »