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Benzinga

Business

Phil Hall

JetBlue Ups Offer On Spirit Takeover Bid: What You Need To Know

Spirit JetBlue Frontier Robin Hayes Frontier Group Holdings Inc. JetBlue Airways Nasdaq NYSE Spirit Airlines, Inc.

JetBlue Airways (NASDAQ:JBLU) has upped the ante on its unsolicited acquisition of Spirit Airlines Inc. (NYSE:SAVE) as Spirit pushes ahead on a planned merger with Frontier Group Holdings Inc. (NASDAQ:ULCC).

What Happened: In a letter to the Spirit board of directors, JetBlue CEO Robin Hayes pledged a $350 million reverse break-up fee, or $3.20 per Spirit share, that would be “payable to Spirit in the unlikely event the transaction is not consummated for antitrust reasons.”

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FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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USMNT Player Ratings vs. Canada: American Boys See Out Perfect Fall Window

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Top stories on inkl right now

Flydubai attack investigation widens as alleged hijacker’s training in New Zealand scrutinised

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Hamam al-Hammami spent 175 days in New Zealand until May 2019, as Australian Jewish group calls for full investigation into his time in Melbourne

The Guardian - AU

Kansas neighbour cut 133 trees, some 70 feet onto adjoining land; court upholds $6,500 award

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A Kansas appeals court has upheld a $6,500 damages award against a man whose neighbour’s fence project led to 133 trees being cut on adjoining land in 2015. The court found the landowner filed his trespass case within the legal time limit and that there was enough evidence to hold…

The Times of India

Germany’s former spy chief arrested over alleged treason: 2,000 classified documents at centre of probe

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FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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