Jetblue to Buy Spirit for $3.8 Billion to Create a National Low-Fare Airline
JetBlue Airways, a major American low-cost airline, and Spirit Airlines, a major American ultra-low-cost carrier, on 28 July announced that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction and a ticking fee of $0.10 per month starting in January... Read More
