TSXV:FLY - Post Discussion
Post by
ARIMA11 on Apr 06, 2022 4:36pm
Interesting
https://www.wsj.com/articles/jetblue-offers-to-buy-spirit-in-all-cash-deal-11649191019
JetBlue Airways Corp. is vying to buy Spirit Airlines Inc. for roughly $3.6 billion, challenging rival Frontier Airlines in its efforts to buy the ultralow-cost airline.
JetBlue offered to buy Spirit in an all-cash transaction for $33 a share, Spirit said Tuesday, describing the offer as an unsolicited bid.
Frontier Group Holdings Inc., another ultralow-cost carrier, had in February announced a deal to buy Spirit for $2.9 billion in cash and stock—a deal that would transform the two discounters into the fifth-largest U.S. airline.
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