jetblue-sweetens-its-offer-for-spirit-airlines

JetBlue Sweetens Its Offer For Spirit Airlines

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/jetblue-increases-offer-spirit-merger-frontier-51655765600


  • Order Reprints

  • Print Article

JetBlue further sweetened its offer for Spirit Airlines to $33.50 per share on Monday, representing the latest move in the battle to acquire the Florida-based discount airline. 

The offer—an increase from the $31.50 per share the company put forward earlier this month—also includes stronger regulatory commitments, a prepayment of $1.50 per share to shareholders if they vote to combine the two airlines, and a $350 million payment to Spirit if the deal fails to go through. 

The…