Spirit Airlines Confirms Receipt of Unsolicited Proposal from JetBlue Airways
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JetBlue (JBLU) Submits Potentially Superior $33/Share Offer for Spirit Airlines (SAVE)
April 5, 2022 5:00 PM EDTSpirit Airlines, Inc. (NYSE: SAVE) confirmed media reports it received an unsolicited acquisition proposal from JetBlue Airways (NASDAQ: JBLU) for $33 per share, making the total bid value approximately $3.6 billion (all-cash transaction). This price offer represents a roughly 40% premium to Frontier Group Holdings, Inc.s (NASDAQ: ULCC) cash and share... More
JetBlue Airways (JBLU) to Resume Trading at 5 p.m.
April 5, 2022 4:44 PM EDTJetBlue Airways (NASDAQ: JBLU) to Resume Trading at 5 p.m.
JetBlue Airways (JBLU) Says it Submitted Superior Proposal to Acquire Spirit (SAVE)
April 5, 2022 4:40 PM EDTJetBlue (NASDAQ: JBLU) today confirmed it has submitted a proposal to the Board of Directors of Spirit (NYSE: SAVE) to acquire Spirit for $33 per share in cash, implying a fully diluted equity value of $3.6 billion and providing full and certain value to Spirit shareholders. The proposal represents a premium of 52% to Spirits undisturbed share price on February 4, 20221, and a premium of 50% to Spirits closing share price on April 4, 20222. JetBlue firmly believes its proposal constitutes a superior proposal under Spirits merger agreement with Frontier and represents the most attractive... More
Spirit Airlines (SAVE) Resumes Trading
April 5, 2022 4:37 PM EDTSpirit Airlines (NYSE: SAVE) Resumes Trading
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