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Biden administration sues to block JetBlue from buying Spirit Airlines

The Biden administration is suing to block JetBlue Airways from buying Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers

The Independent UK

DOJ sues to block JetBlue-Spirit merger, saying it will curb competition

The Biden administration sued on Tuesday to block the $3.8 billion purchase, saying the deal would reduce competition and drive up air fares for consumers.

WEKU

US sues to block JetBlue from buying Spirit Airlines

The Biden administration is suing to block JetBlue Airways from buying Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers

The Independent UK

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DOJ files suit to block JetBlue-Spirit Airlines merger - Roll Call

The Justice Department filed an antitrust lawsuit against JetBlue Airways’ proposed $3.8 billion acquisition of Spirit Airlines.

Roll Call

JetBlue mounts full-court press for Spirit buyout approval

JetBlue Airways CEO Robin Hayes was unequivocal when asked what he’d do if the U.S. Justice Department blocked his airline’s proposed buyout of Spirit Airlines, South Florida’s low-cost hometown air carrier.

Tribune News Service

Spirit shareholders approve sale to JetBlue. Tough scrutiny expected though to gain regulatory approval

Florida-based Spirit Airlines said its shareholders voted Wednesday to approve the airline’s $3.8 billion sale to New York-based JetBlue Airways, clearing the next step in a long road to combine the two airlines.

Miami Herald

Spirit shareholders ready to vote on JetBlue takeover

The marriage proposal that Spirit Airlines originally rejected from JetBlue Airways is set to go before the South Florida carrier’s shareholders on Wednesday, with industry analysts confident that it would pass with ease.

Tribune News Service

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JetBlue CEO first witness in US lawsuit against 2 airlines

A trial is underway in the federal government's lawsuit aiming to kill a partnership between American Airlines and JetBlue Airways in the Northeast

The Independent UK

Spirit Airlines ends proposed deal with Frontier, paves way for possible JetBlue takeover

Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier.

Tribune News Service

Benzinga's Top Ratings Upgrades, Downgrades For July 12, 2022

Upgrades

Benzinga

JetBlue Won't Take No For An Answer, Makes Another Bid For Spirit Airlines

If anything can be said about JetBlue Airways (NASDAQ: JBLU), it would be that it doesn't easily give up. The airline has offered yet another upgrade to its acquisition bid for Spirit Airlines Inc.

Benzinga

JetBlue Modifies Spirit Proposal; Urges Spirit Shareholders Vote Against Frontier Offer

JetBlue Airways (NASDAQ:JBLU) has again modified its proposal to acquire Spirit Airlines Inc (NYSE:SAVE) based on discussions with Spirit shareholders. JetBlue added a ticking fee, increased the reverse breakup fee to $400 million, and accelerated prepayment to $2.50 per share. Related: JetBlue Submits Improved Proposal For Spirit Airlines At $33.50/share The addition of a ticking…

Benzinga

5 Analysts Have This to Say About JetBlue Airways

Within the last quarter, JetBlue Airways (NASDAQ:JBLU) has observed the following analyst ratings:

Benzinga

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Benzinga

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Benzinga

Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues

After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC…

Benzinga

Spirit Airlines Postpones Vote On Frontier Merger Following JetBlue's New Takeover Bid

Spirit Airlines Inc. (NYSE: SAVE) has abruptly postponed its Friday stockholder vote on its merger with Frontier Group Holdings (NASDAQ: ULCC) after JetBlue Airways (NASDAQ:

Tribune News Service

Spirit reviews latest JetBlue counteroffer as takeover fight nears finale

Hours after Spirit Airlines received a revised takeover bid from JetBlue Airways, the South Florida-based carrier said Monday its board of directors would review it.

Benzinga

JetBlue Ups Offer On Spirit Takeover Bid: What You Need To Know

JetBlue Airways (NASDAQ: JBLU) has upped the ante on its unsolicited acquisition of Spirit Airlines Inc. (NYSE: SAVE) as Spirit pushes ahead on a planned merger with Frontier Group Holdings Inc.

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news in one place.

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Tribune News Service

Frontier adds $250 million reverse breakup fee to Spirit bid in effort to deflect JetBlue

Frontier Airlines, in a move crafted to deflect JetBlue Airways’ bid for South Florida-based Spirit Airlines, has added a $250 million reverse breakup fee to its merger proposal.

StockNews.com

Better Buy: United Airlines vs. JetBlue

Today I will analyze and compare United Airlines (UAL) and JetBlue Airways (JBLU) to determine which airline stock is currently a better buy.

Tribune News Service

Spirit urges shareholders to reject JetBlue’s hostile bid

JetBlue Airways’ hostile takeover bid for Spirit Airlines took a bitter turn on Thursday as the board of directors of the South Florida-based discount carrier urged its shareholders to spurn the offer.

Tribune News Service

Spirit Airlines rejects JetBlue buyout bid on antitrust concerns, will stick with Frontier offer

FORT LAUDERDALE, Fla. — South Florida-based discount carrier Spirit Airlines announced Monday it has rejected a $3.6 billion buyout bid by JetBlue Airways, saying its suitor failed to sufficiently address antitrust concerns.

StockNews.com

2 Downgraded Airlines Stocks to Avoid

The airline industry has faced several operational challenges due to travel restrictions and other routine disruptions since the onset of the pandemic. Moreover, the staffing shortages are proving to be a significant challenge in the industry, compelling carriers to pare-back flying. Given the scenario, we think downgraded stocks JetBlue Airways…

Benzinga

Where JetBlue Airways Stands With Analysts

Within the last quarter, JetBlue Airways (NASDAQ:JBLU) has observed the following analyst ratings:

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 27, 2022

1 2 3 4

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