JetBlue and Spirit Airlines terminate $3.8 billion merger - NBC News

Mar 4, 2024 · JetBlue and Spirit appealed the judge’s decision a couple of days later, but JetBlue noted the appeal was required under the terms of the merger agreement. Spirit shares tumbled 17% in premarket ...

CouponFollow Extension

17%
OFF

JetBlue And Spirit Airlines Terminate $3.8 Billion Merger - NBC News

3 days from now

nbcnews.com

$69
OFF

Spirit Announces Termination Of Merger Agreement With JetBlue

3 days from now

Mar 4, 2024 · As part of the termination, JetBlue will pay Spirit $69 million. While the merger agreement was in effect, Spirit stockholders received approximately $425 million in total …

prnewswire.com

14%
OFF

JetBlue And Spirit Airlines End Merger Agreement After Regulatory ...

3 days from now

Mar 4, 2024 · JetBlue Airways Corp. and Spirit Airlines Inc. said Monday they have reached an agreement to terminate their July 2022 merger deal, sending Spirit's stock down 14%.

morningstar.com

14%
OFF

JetBlue, Spirit Airlines Terminate 2022 Merger Agreement

3 days from now

Mar 4, 2024 · JetBlue Airways Corp. and Spirit Airlines Inc. said Monday they have reached an agreement to terminate their July 2022 merger deal, sending Spirit’s stock down 14%.

marketwatch.com

$3
OFF

JetBlue Tells Spirit Airlines That It May Terminate Its $3.8 Billion ...

3 days from now

Jan 26, 2024 · What’s next for Spirit Airlines, now that it won’t be merging with JetBlue? Some Wall Street analysts are starting to raise the possibility of bankruptcy. Spirit Airlines stock was …

apnews.com

$3
OFF

JetBlue Terminates Merger With Spirit Airlines - Skift

3 days from now

Mar 4, 2024 · JetBlue and Spirit Airlines agreed to terminate their $3.8 billion merger due to regulatory hurdles. JetBlue will pay Spirit $69 million, and Spirit shareholders received $425 …

skift.com

$3
OFF

JetBlue Tells Spirit Airlines That It May Terminate Its $3.8 Billion ...

3 days from now

Jan 26, 2024 · JetBlue said that could lead it to terminate the deal as early as Sunday. ... basis for terminating the Merger Agreement,” Spirit wrote. ... $1.1 billion in debt due next year. Spirit …

seattletimes.com

FAQs about JetBlue and Spirit Airlines terminate $3.8 billion merger - NBC News Coupon?

Does JetBlue have a merger agreement with Spirit Airlines?

JetBlue (NASDAQ: JBLU) announced the termination of its merger agreement with Spirit Airlines (NYSE: SAVE) as of March 04, 2024. ...

What happened between JetBlue Airways & Spirit Airlines?

JetBlue Airways and Spirit Airlines announced Monday that they have terminated their merger agreement after a federal judge blocked it nearly two months ago. The airlines, in two separate statements, announced they reached an agreement to terminate the merger announced in July, 2022, calling it the “best path forward.” ...

Will JetBlue terminate Spirit Airlines deal early?

JetBlue said Friday that it has told Spirit certain conditions of their deal might not be met by a deadline, which could lead JetBlue to terminate the deal as early as Sunday. Shares of Spirit Airlines Inc. slumped 16% immediately after JetBlue disclosed its view of the potential merger in a regulatory filing. ...

Will JetBlue pay Spirit Airlines 69 million?

Under the merger termination, JetBlue said it will pay Spirit $69 million and all outstanding matters regarding the transaction will be “mutually released.” JetBlue’s proposed $3.8 billion purchase of Spirit Airlines was blocked in mid-January after a federal judge ruled it would reduce competition and hurt consumers. ...

Why did the Justice Department block JetBlue's 'Spirit' merger?

A federal judge sided with the Justice Department and blocked JetBlue’s proposed $3.8 billion purchase of Spirit last week. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. Both airlines have filed their intention to appeal with a higher court. ...

Did a federal judge block a JetBlue-Spirit Airlines merger?

NEW YORK (AP) — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. ...