Wednesday, August 10, 2022

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Reuters

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Reuters reveals JetBlue, Spirit near takeover deal

Deals28 July 2022, 2:33 am. 1 minuteBy Reuters News Agency Reuters was first to report that Frontier Group’s $2.7 billion acquisition of Spirit Airlines would collapse after the latter let it go to a shareholder vote that shot the deal down, allowing Spirit Airlines to finalize a $3.8 billion sale to JetBlue Airways. Shares of all three companies moved sharply after Reuters revealed the news. In a subsequent update today, Reuters reported that Spirit Airlines agreed to the $3.8 billion buyout offer from JetBlue Airways. 

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