Deal snapshot: JetBlue to Buy Fellow US Airline Spirit for USD 7.6bn.
MANews-(C)2009-2022
The boards of low-cost US airline JetBlue Airways Corp (NASDAQ: JBLU) and ultra-low-cost airline Spirit Airlines, Inc. (NYSE: SAVE) have approved a definitive merger agreement under which JetBlue will acquire Spirit for USD 33.50 per share in cash, in a deal with an adjusted enterprise value of USD 7.6bn, the companies said.
This deal was chosen by the Spirit board, which...
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