JetBlue (JBLU) and Spirit (SAVE) Finally Agree to Merge After Grueling Battle
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Wall St set for higher open as AI stocks rise, oil slides
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
- Wall St set for higher open as AI stocks rise, oil slides
- Streamflation drives 39% of Americans to cancel streaming in 6 months
Pre-Open Movers: Meta, Qualcomm Fall; Renewable Stocks Up on Schumer/Manchin Deal
July 28, 2022 9:12 AM EDTPre-Open Stock Movers:
Community Health Systems (NYSE: CYH) 48% LOWER; reported Q2 EPS of ($2.52), $2.59 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $3.14 billion.
JAKKS Pacific (NASDAQ: JAKK) 31% HIGHER; reported Q2 EPS of $2.10, $2.53 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $220.4 million versus the consensus estimate of $122.07 million.
JetBlue wins Spirit takeover battle with $3.8 billion deal
July 28, 2022 6:35 AM EDTBy Rajesh Kumar Singh and Abhijith Ganapavaram
(Reuters) -JetBlue Airways Corp on Thursday prevailed in a months' long bidding war for Spirit Airlines Inc after the ultra-low-cost carrier accepted its $3.8 billion buyout deal.
The New York-based airline clinched the deal a day after Spirit terminated its $2.7 billion merger deal with Frontier Group Holdings.
JetBlue's shares were down 2.4%, while Spirit's shares were up 5.4% in afternoon trade.
With a combined market share of 9%, the acquisition would create the fifth-largest U.S. airline. JetBlue expects the deal to result in $600 million-$700 million in net annual synergies and... More
JetBlue Airways (JBLU) to Acquire Spirit (SAVE) for $33.50/sh
July 28, 2022 6:31 AM EDTJetBlue Airways Corporation (JetBlue) (NASDAQ: JBLU) and Spirit Airlines, Inc. (Spirit) (NYSE: SAVE) today announced that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders approval of the transaction and a ticking fee of $0.10 per month starting in January 2023 through closing, for an aggregate fully diluted equity value of $3.8 billion1 and an adjusted enterprise value of $7.6 billion2.
We are excited to deliver this compelling combination that... More
