JetBlue plans to takes its case directly to Spirit investors, after Spirit previously spurned JetBlue’s merger offer
JetBlue is offering $30 a share in cash in its tender offer, but would be open to paying its initial offer price of $33 a share if Spirit comes to the negotiating table and provides data JetBlue has requested, the people said.
Spirit has been the subject of a tug of war between two rival carriers that both consider the Florida-based airline as key to their ability to grow and challenge the big airlines that dominate the industry in the U.S. Either transaction, if approved, would create the fifth-largest U.S. airline.Scott Olson/Getty Images
Spirit’s shares have retreated since it rejected JetBlue’s offer, though it and other airlines have been affected by the broader market selloff as well. In its revised proposal in late April, JetBlue offered to divest itself of all of Spirit’s assets in New York and Boston to avoid increasing its presence in markets where the Justice Department has flagged concerns about the partnership with American, but stopped short of saying it was willing to exit that deal altogether.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
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
Les mer »
'Best foot forward': NIL collectives operating within spirit of rules to benefit Wildcats athletesBut elsewhere, the largely unregulated NIL deals keep spiraling.
Les mer »
The Glitoris talks TuezGayz and the eternal spirit of Austin's queer scene, plus upcoming LGBTQIA eventsJon-Erik Garcia, aka the Glitoris, talks about his own TuezGayz story, plus more queer events.
Les mer »
Portraits that capture the creative spirit of 80s New YorkTom Warren documented the downtown art scene, when life in the East Village was a haze of parties, gallery openings and activism.
Les mer »
WSJ News Exclusive | ‘Little People, Big World’ Farmhouse Hits the Market for $4 MillionThe Oregon farmhouse where Matt Roloff and his ex-wife, Amy Roloff, raised their four children on the TLC series 'Little People, Big World' is coming on the market for $4 million
Les mer »
Prince Harry Misses the Cambridges’ Three Kids Now That He’s in the U.S.He is especially close to one in particular, sources say.
Les mer »