Spirit Airlines Tells Shareholders to Reject JetBlue Bid
Citing “substantial regulatory hurdles," Spirit's board continues to favor the Frontier offer over JetBlue's bid.
Source: travelmarketreport.com
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Spirit urges shareholders to reject JetBlue's hostile bid – Sun Sentinel
Spirit Airlines' board of directors urged its shareholders to reject a hostile takeover offer from JetBlue Airways, alleging the New York-based carrier made a number of misleading statements in its ongoing bid to acquire the South Florida-based discount carrier.
Source: sun-sentinel.com
JetBlue Makes a Hostile Takeover Bid for Spirit Airlines
The carrier made a tender offer valued at $3.2 billion, and said it was willing to pay more if Spirit cooperated with an acquisition.
Source: nytimes.com
Why Spirit Airlines Is Up and JetBlue Is Down Today
There's a fresh twist to the ongoing airline industry merger saga.
Source: fool.com
Spirit rejects JetBlue's bid, still prefers Frontier Airlines
Spirit said antitrust regulators are unlikely to approve JetBlue's offer because of JetBlue's alliance with American Airlines in the Northeast.
Source: newswest9.com