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The Latest Breaking News from Spirit

Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues

After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC…

Benzinga

Why This Spirit Airlines Analyst Is Turning Bullish

A merger of Spirit Airlines Incorporated (NYSE: SAVE) is “a high probability outcome,” and a merger with JetBlue Airways Corporation (NASDAQ: JBLU) is more likely than with Frontier (NASDAQ: <

Benzinga

JetBlue Now Flying Nonstop To Vancouver, Its First Canadian Destination

JetBlue Airways Corporation (NASDAQ: JBLU) is now flying nonstop from New York’s John F. Kennedy International Airport (JFK) to Vancouver International Airport (YVR), with the first flight arriving in British Columbia tonight.

Benzinga

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Spirit Airlines Postpones Vote On Frontier Merger Following JetBlue's New Takeover Bid

Spirit Airlines Inc. (NYSE: SAVE) has abruptly postponed its Friday stockholder vote on its merger with Frontier Group Holdings (NASDAQ: ULCC) after JetBlue Airways (NASDAQ:

Benzinga

Spirit reviews latest JetBlue counteroffer as takeover fight nears finale

Hours after Spirit Airlines received a revised takeover bid from JetBlue Airways, the South Florida-based carrier said Monday its board of directors would review it.

Tribune News Service

Stocks Fade From Early Gains; JetBlue Ups Buyout Offer For Spirit; Treasury Yields Rise

The stock market gained as investors anticipated slower inflation. Spirit sweetened its offer for JetBlue. Solar stocks soared.

Investors Business Daily

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

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.

Benzinga

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D.C. Sports Teams Announce Donation to Everytown for Gun Safety

Additionally, the sports teams from the area wore orange shirts in honor of the Gun Violence Prevention Movement.

Sports Illustrated

Frontier adds $250 million reverse breakup fee to Spirit bid in effort to deflect JetBlue

Frontier Airlines, in a move crafted to deflect JetBlue Airways’ bid for South Florida-based Spirit Airlines, has added a $250 million reverse breakup fee to its merger proposal.

Tribune News Service

Frontier, Spirit Airlines Amend Merger Agreement - See What's The Change

Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC), the parent company of Frontier Airlines, Inc., amended their previously announced merger agreement. In the unlikely event the combination is not consummated for antitrust reasons, Frontier would pay a reverse termination fee of $250 million, or $2.23 per share, to Spirit under the provisions of…

Benzinga

Spirit Airlines Sticks To Frontier Deal - Ball Is In The Shareholders' Court Now

Frontier Airlines parent Frontier Group Holdings Inc (NASDAQ:ULCC) commented on Spirit Airlines Inc.'s (NYSE:SAVE) rejection of JetBlue Airways Corp's (NASDAQ:JBLU) offer. "We are pleased that the Spirit Board of Directors has again reaffirmed its commitment to combining with Frontier, which increases competition by bringing more ultra-low fares to more travelers and delivering substantial shareholder value," stated Barry…

Benzinga

Spirit urges shareholders to reject JetBlue’s hostile bid

JetBlue Airways’ hostile takeover bid for Spirit Airlines took a bitter turn on Thursday as the board of directors of the South Florida-based discount carrier urged its shareholders to spurn the offer.

Tribune News Service

JetBlue Goes Hostile for Spirit; Here's What That's Doing to Its Stock Price

JetBlue stock is under pressure amid its hostile bid for Spirit Airlines. Here are the key levels to know now.

The Street

Stock Market Resumes Losses As Retailers Prepare For Big Week Of Earnings; Techs Down; Oil Stocks Gain

The stock market traded lower Monday as investors prepared for a week of retailers' earnings. JetBlue plans a hostile takeover bid for Spirit.

Investors Business Daily

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Benzinga

Why Spirit Airlines Shares Are Taking Off Today

Spirit Airlines Inc (NYSE: SAVE) shares are trading higher Monday after JetBlue Airways Corp (NASDAQ: JBLU) launched a hostile takeover bid for the discount airline.

AFP

US carrier JetBlue launches hostile takeover of Spirit Airlines

New York (AFP) - Low-cost US carrier JetBlue Airlines announced on Monday a hostile takeover bid for its rival Spirit Airlines, which had rejected a previous offer in favor of a merger with Frontier.

The Street

Spirit Airlines Stock Soars As JetBlue Launches Hostile Takeover Bid at $30 Per Share

“JetBlue offers more value -- a significant premium in cash -- more certainty, and more benefits for all stakeholders," the company said of its $3.2 billion takeover bid.

The Street

Stocks Edge Lower, Week Ahead, Tesla, Twitter, Spirit & JetBlue In Focus - Five Things You Must Know

Stock futures edge lower as growth worries snuff out Friday rally; Week Ahead: consumer strength in focus ahead of retail sales data, big store earnings; Tesla slips amid report of more delays at Shanghai factory; Twitter extends slump as musk reveals spat with legal team and Spirit soars as JetBlue…

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Sports Illustrated

NWSL Catching Heat Over Safety Concerns During Match

Saturday’s final included various moments in which a player’s safety appeared sidelined, in many fans’ opinions.

Benzinga

Spirit AeroSystems Clocks 30% Revenue Growth In Q1

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reported first-quarter revenue growth of 30% year-over-year to $1.18 billion, beating the consensus of $1.09 billion. This increase reflects higher production deliveries on the Boeing Co (NYSE:BA) 737, Airbus SE (OTC:EADSY) A220, and Airbus A320 programs and increased Aftermarket revenue, partially offset by lower production volume on the Boeing 787 program.…

Tribune News Service

Flight attendants for Spirit Airlines protest carrier’s handling of cancellations

Passengers aren’t the only ones with airline gripes. Flight attendants say they, too, are feeling the pain of widespread delays and cancellations.

Benzinga

Why Spirit Airlines Stock Is Grounded Today

Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU) proposal and said it will proceed with its previously-announced mer

Investors Business Daily

Stock Market Drops Slightly As Yields Climb And Signs That Manufacturing Is Beginning To Slow

The stock market opened the month of May with narrow losses after April's sharp declines as more earnings reports flooded in.

Tribune News Service

Spirit Airlines rejects JetBlue buyout bid on antitrust concerns, will stick with Frontier offer

FORT LAUDERDALE, Fla. — South Florida-based discount carrier Spirit Airlines announced Monday it has rejected a $3.6 billion buyout bid by JetBlue Airways, saying its suitor failed to sufficiently address antitrust concerns.

The Street

Spirit Airlines Deals a Big Blow to Jetblue

Spirit rejected JetBlue's improved offer, which included a $200 million breakup fee, and is now on track to merge with Frontier.

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