Spirit Airlines Stock Soars As JetBlue Launches Hostile Takeover Bid at $30 Per Share

Published by
The Street

By Martin Baccardax “JetBlue offers more value — a significant premium in cash — more certainty, and more benefits for all stakeholders,” the company said of its $3.2 billion takeover bid. Spirit Airlines (SAVE) – Get Spirit Airlines, Inc. Report soared higher in pre-market trading after JetBlue Airways (JBLU) – Get JetBlue Airways Corporation Report launched a hostile takeover for the low-cost airline valued at around $3.2 billion. Spirit, which had been planning a $6.6 billion tie-up with low-cost rival Frontier Group Holdings (ULCC) – Get Frontier Group Holdings, Inc. Report and has twice…

Read More