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In 2022, Indigo Partners attempted to merge its majority-owned Frontier subsidiary with fellow US-based low cost carrier Spirit Airlines. [ 9 ] [ 10 ] The planned merger with Spirit fell apart as JetBlue offered an all-cash offer of $3.7 billion which was higher than Frontier's offer of more than $2.6 billion in stock and cash.
International Investment Group (IIG) is an American financial institution that specializes in short-term trade finance and commercial finance with a focus on emerging markets. Through its affiliate IIG Capital it provides financing to small and medium-sized merchants, traders and processors with a need for supply chain financing.
On December 23, 2010, the group led by Gearon and Levenson announced they had bought out Belkin's ownership share in Atlanta Spirit LLC. [5] This elevated the Washington-based company shares to more than 50 percent and effective control of the group. [6] In 2007, Spirit co-founder Bud Seretean died at the age of 83. [7]
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PRA Group was founded as Portfolio Recovery Associates, LLC in March 1996 by Kevin Stevenson and Steve Fredrickson, who worked previously in collections at Household Finance. [3] With a staff of four in Norfolk, Virginia, the company began to purchase debt in May 1996. [7] In 2000, PRA purchased $1 billion of debt. Then operating as Portfolio ...
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Asset recovery, also known as investment or resource recovery, is the process of maximizing the value of unused or end-of-life assets through effective reuse or divestment. While sometimes referred to in the context of a company undergoing liquidation , Asset recovery also can describe the process of liquidating excess inventory , refurbished ...