Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit
Spirit, the largest budget carrier in the United States, said it was still in discussions with JetBlue “and expects to provide a further update in the near future.”
The decision by Spirit and Frontier to terminate their deal was announced while Spirit shareholders were still voting on the proposal. It was apparent that despite the support of Spirit’s board, shareholders were prepared to reject the Frontier deal. 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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Spirit Airlines shareholders to vote on much-delayed merger with Frontier or JetBlueSpirit Airlines shareholders could pick a preferred buyer for their airline today, when they are scheduled to vote on one of the offers for the budget carrier. If shareholders reject the Frontier bid it would push for an agreement with JetBlue Airways.
Leer más »
Denver’s East Colfax neighborhood mourns a “remarkable spirit” as family questions response to shootingThe family and the community that knew Ma Kaing, a beloved member of the East Colfax neighborhood, are grieving and asking tough questions about the crime in their neighborhood that no one seems to…
Leer más »
Spirit Airlines shareholders to vote on much-delayed merger with Frontier or JetBlueSpirit Airlines shareholders could pick a preferred buyer for their airline today, when they are scheduled to vote on one of the offers for the budget carrier. If shareholders reject the Frontier bid it would push for an agreement with JetBlue Airways.
Leer más »
Voyager Rejects 'Low-Ball' Bid From FTX — But Sam Bankman-Fried Fires Back | CoinMarketCapVoyager Digital has announced that it's rejected a takeover proposal from FTX — dismissing it as 'a low-ball bid dressed up as a white knight rescue.' 🧐
Leer más »
Two European Satellite Companies Are Combining in a $3.4 Billion Deal to Rival Elon Musk's SpaceXU.K. satellite firm OneWeb has agreed to be taken over by European rival Eutelsat in a $3.4 billion merger deal.
Leer más »
NIL started a new era in college sports. Where do SMU, TCU collectives fit in?Collectives have popped up across the country as new ways for college athletes to pursue sponsorship deals.
Leer más »