JetBlue bid for Spirit wins support from 2 advisory firms

JetBlue bid for Spirit wins support from 2 advisory firms

FORT LAUDERDALE, Fla. — JetBlueThe $3.8 billion bidTo buy SpiritTwo endorse airlines firmsThese companies advise major investors about how to vote.

Glass, Lewis & Co. and Institutional Shareholder Services are recommended. SpiritStockholders vote for acceptance JetBlueThey can vote on Oct. 19 to accept’s offer

SpiritTed Christie, CEO, said Thursday that both companies are still making progress towards the completion of the transaction.

Last but not least, JetBluePurchase SpiritThe Justice Department is currently reviewing this deal forPossible antitrust concerns A group of government lawyers is currently in Boston asking for a federal judge’s order to terminate a partnership. JetBlueAmerican Airlines, which the government stated will lower competition and result in higher fares.

JetBlueFrontier Airlines won a bidding contest to obtain SpiritThe nation’s largest budget carrier,, is based in Miramar. New York-based JetBlueAirways claimed that the deal will make it stronger than American, United, Delta, Southwest, and Delta. – * Source link

Joseph Hubbard

Joseph Hubbard is a seasoned journalist passionate about uncovering stories and reporting on events that shape our world. With a strong background in journalism, he has dedicated his career to providing accurate, unbiased, and insightful news coverage to the public.

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