JetBlue is going hostile in its bid for Spirit Airlines and asking Spirit shareholders to reject a proposed $2.9 billion acquisition by Frontier Airlines.
JetBlue is going hostile in its bid for Spirit Airlines and asking shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines.
Spirit's board rejected JetBlue's original $3.6 billion bid on May 2, saying antitrust regulators are unlikely to approve an offer from the New York City airline largely because of its alliance with American Airlines in the Northeast. The Justice Department is suing to block that deal. JetBlue said its new offer is lower because of Spirit's unwillingness to share financial information that JetBlue requested.
Hayes said JetBlue is offering a significant premium in cash, more certainty, and more benefits for all Spirit investors. He said JetBlue is confident of winning regulatory approval, and called the Frontier bid high risk and low value.The bid from Frontier Group Holdings Inc. provides less cash but would let Spirit shareholders keep 48.5% of the combined airline. It would give Spirit shareholders 1.9126 shares of Frontier plus $2.13 in cash for each Spirit share.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
JetBlue makes hostile bid for Spirit Airlines after twice being rebuffedJetBlue is going hostile in its bid for Spirit Airlines and asking shareholders of the low-cost carrier to reject a proposed $2.9 billion acquisition by Frontier Airlines.
Lire la suite »
JetBlue launches hostile takeover bid for Spirit AirlinesJetBlue Airways Corp on Monday commenced a hostile all-cash takeover bid for Spirit Airlines Inc , two weeks after the discount carrier rejected an offer from the larger rival.
Lire la suite »
Rebuffed by Spirit, JetBlue goes hostile in takeover bidJetBlue is going hostile in its bid for Spirit Airlines and asking Spirit shareholders to reject a proposed $2.9 billion acquisition by Frontier Airlines
Lire la suite »
WSJ News Exclusive | JetBlue to Launch Tender Offer for Spirit, Urge Shareholders to Vote Against Frontier Deal, Sources SayJetBlue plans to launch a hostile takeover attempt for discount carrier Spirit Airlines, after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with Frontier Airlines.
Lire la suite »
Forget Spirit Halloween: The Wawa Movie Is the One We Want to SeeIn honor of Christopher Lloyd and Rachael Leigh Cook’s surreal-sounding storefront flick, here are a few other ideas for inquiring studio execs.
Lire la suite »
Angel City FC looks to rebound versus Washington SpiritACFC hits the road knowing it’s sound defensively but striving for consistency Sunday in Washington, DC
Lire la suite »