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JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger.. JetBlue said Monday that even though both companies still believe in the ...
Spirit shares tumbled 17% in premarket trading, while shares of JetBlue were up roughly 4%. “It was a bold and courageous plan intended to shake up the industry status quo, and we were right to ...
JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds.. The two-page appeal ...
The failed merger comes as the Biden administration has scrutinized the joining of major companies. The government has also objected to a recent attempt to merge grocery giants Kroger and Albertsons.
The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled ...
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The JetBlue-Spirit merger is dead.. Both airlines announced Monday they are calling off the $3.8 billion deal, just eight days after they had filed a legal brief seeking to overturn a court ...
JetBlue agreed to pay Spirit $69 million as part of its decision to end the deal, JetBlue said. While the companies had appealed the judge’s ruling blocking the deal, JetBlue and Spirit both ...