JetBlue Begins Hostile Takeover of Spirit Airlines
May 16th 2022 10:57am EDT
JetBlue Airways has launched a hostile takeover of Spirit Airlines after its first offer to buy the airline was turned down. The airline initially offered Spirit $33 per share, all cash, in early April – a deal totaling $3.6 billion. Spirit turned down the buyout to continue its merger with its competitor Frontier Airlines, which […]
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