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Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know

Benzinga

Spirit Airlines Incorporated (NYSE: SAVE ) on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation (NASDAQ: JBLU ) to buy the company’s outstanding shares for $33 apiece. billion price tag for the airline company. billion merger agreement with Spirit.

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

Benzinga

The airline has offered yet another upgrade to its acquisition bid for Spirit Airlines Inc. NYSE: SAVE ), which is still focused on merging with Frontier Airlines , a unit of Frontier Group Holdings Inc. per Spirit share representing a substantial premium of 52.1% NYSE: ULCC ).

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Why JetBlue Airways Stock Is Falling Today

Benzinga

JetBlue Airways Corp (NASDAQ: JBLU ) shares are trading lower Wednesday morning after the company confirmed it made a $3.6 billion offer to acquire Spirit Airlines Inc (NYSE: SAVE ). JetBlue submitted a proposal to Spirit's board of directors to acquire Spirit for $33 per share in cash. The company.

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Why Is Spirit Airlines Stock Sliding Friday?

Benzinga

Spirit Airlines, Inc (NYSE: SAVE ) stock plunged Friday as JetBlue Airways Corp (NASDAQ: JBLU ) disclosed its inability to comply with every provision of the $3.8 The update sent the prices of the target company down 18% Friday. JetBlue also informed Spirit that the deal may be terminable on and after January 28, 2024.

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Why Spirit Airlines Stock Is Grounded Today

Benzinga

Spirit Airlines Inc (NYSE: SAVE ) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU ) proposal and said it will proceed with its previously-announced merger agreement with Frontier Group Holdings Inc (NASDAQ: ULCC ). Full story available on Benzinga.com.

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Why Are Shares Of Spirit Airlines Taking-Off This Morning?

Benzinga

Spirit Airlines, Inc. NYSE: SAVE ) shares are trading higher after the company, along with JetBlue Airways Corporation (NASDAQ: JBLU ), announced their board of directors have approved a merger agreement for JetBlue to acquire the company for $33.50 JetBlue will purchase Spirit for $33.50

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Why Spirit Airlines Stock Is Moving Lower Today

Benzinga

Spirit Airlines Inc (NYSE: SAVE ) shares are trading lower Monday after the company announced an amended merger agreement with Frontier Group Holdings Inc (NASDAQ: ULCC ) which features a lower cash consideration, but more stock, than the acquisition offer from JetBlue Airways Corp (NASDAQ: JBLU ).

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