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JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit's lower fares.
Last week JetBlue had previously warned that it might terminate the agreement. Shares of JetBlue Airways Corp. rose more than 5% before the market opened, while Spirit's stock slipped more than 13%.
JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal. ... '60 is the new 40' AOL.
After a federal judge blocked the deal, ruling it would hurt competition, JetBlue said both airlines still believe in the merger's benefits but are terminating the deal.
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 ...
JetBlue Airways and Spirit Airlines, ... Under the merger agreement, JetBlue must pay $33 for each share of Spirit stock. Spirit's stock price was $6.30 at the start of business Monday, Feb. 5 ...
A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice ...
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 ...