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The Latest Breaking News from Spirit Airlines

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…

The Street

Merger Arbitrage Mondays - Black Knight (BKI) To Be Acquired By Intercontinental Exchange (ICE)

Merger activity decreased last week with three new deals announced and four deals completed. Two of the three deals announced were potential deals in the works. We saw yet another SPAC business combination fall apart. Black Knight (NYSE: BKI)

Benzinga

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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.

Tribune News Service

‘We’re just robots’: US airline workers stranded amid staff shortages

Flight attendants report sleeping on airport floors when employers fail to find them hotel rooms

The Guardian - US

12 Industrials Stocks Moving In Monday's Intraday Session

Benzinga

Analyzing Spirit Airlines's Short Interest

Spirit Airlines's (NYSE:SAVE) short percent of float has fallen 3.34% since its last report. The company recently reported that it has 10.17 million shares sold short, which is 9.84% of all regular shares that are available for trading.

Benzinga

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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

Benzinga

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.

Tribune News Service

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.

The Street

Stock Market Starts May With Gains As Yields Keep Rising; These Earnings Reports Are On Deck

The stock market slump extended into Monday, with indexes down moderately as another wave of earnings reports hits Wall Street, and the benchmark Treasury yield continues to climb.

Investors Business Daily

Spirit Airlines favors Frontier deal, rejects JetBlue bid

New York (AFP) - Spirt Airlines reiterated Monday its support for a merger with Frontier Airlines, saying it concluded a competing offer from JetBlue Airways involved excessive regulatory risk.

AFP

Spirit flight attendants picket at Detroit Metro after 'sleeping on floors'

DETROIT — Unionized flight attendants with Spirit Airlines Inc. on Tuesday picketed outside Detroit Metropolitan Airport, demanding the Florida-based low-cost carrier uphold its end of their contract by providing hotel accommodations and better communications in the event of cancelled flights.

Tribune News Service

After $3.6 billion offer, Spirit Airlines agrees to negotiate with JetBlue

A new takeover offer for Spirit Airlines by JetBlue Airways of New York is now viewed as attractive enough for the South Florida-based carrier to enter into negotiations aimed at cutting a deal.

Tribune News Service

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The Street

Spirit Airlines Stock Higher As Carrier Agrees to JetBlue Takeover Talks

Spirit said JetBlue's all-cash offer of $3.6 billion could be "superior" to the proposed cash-and-stock merger with low cost rival Frontier.

Benzinga

Spirit Airlines Plans To Initiate Discussions With JetBlue On $3.6B Bid

Spirit Airlines Inc (NYSE:SAVE) Board has agreed to engage in discussions with JetBlue Airways (NASDAQ:JBLU) concerning an all-cash transaction for $33/share. Related: Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know Spirit remains bound by the terms of the merger agreement with Frontier Group Holdings, Inc. (NASDAQ:ULCC). Spirit's Board has not determined that JetBlue's proposal…

The Street

Stocks Edge Higher, Amazon, Elon Musk, Tesla And Twitter - Five Things You Must Know

Stock futures nudge higher as stocks defy Fed, war and growth uncertainty; Elon Musk makes big promises for new Tesla factory in Texas; Amazon disputes New York union vote; labor challenges Alabama result; Spirit agrees to JetBlue takeover talks despite Frontier merger agreement and Twitter CEO arranges 'Ask me Anything'…

The Independent UK

Spirit Airlines will talk to JetBlue about takeover bid

The fight for Spirit Airlines is heating up again

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Tribune News Service

JetBlue and Frontier are fighting to buy Spirit Airlines. What does that mean for South Florida?

The impending loss of Spirit Airlines as South Florida’s hometown air carrier could have a number of ramifications, ranging from hits on local employment and facilities to spikes in the prices leisure travelers pay to visit the region.

Tribune News Service

JetBlue ofrece $3,600 millones por Spirit para frustrar fusión con Frontier

Apr. 6—JetBlue Airways hizo una oferta no solicitada en efectivo para adquirir Spirit Airlines por un poco más de $3,500 millones, dos meses después que la compañía con sede en Miramar dijera que se fusionaría con su rival Frontier.

Investors Business Daily

Stock Market Drops As Tech Declines; Oil, Fertilizer Stocks Advance

The stock market fell as techs led decliners and the U.S. announced new sanctions on Russia, propelling fertilizer and oil stocks higher.

Investors Business Daily

Nasdaq Off 2.5% As Techs Remain Under Pressure; Stock Market Broadly Lower

Tech stocks led further declines in the stock market Wednesday, as the Nasdaq composite slid more than 2%.

AFP

JetBlue seeks to buy Spirit Airlines, threatening Frontier deal

New York (AFP) - JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.

The Street

Spirit Airlines Stock Slides After JetBlue Tests Frontier Tie-Up With $3.6 Billion Takeover Bid

JetBlue said it's planned takeover of Spirit would allow it to challenge larger rivals, but regulators may have questions over its impact on consumer choice.

The Street

Stocks Lower, Fed Minutes, Elon Musk, JetBlue And Big Oil - Five Things You Must Know

Stock futures lower, bond yields surge on hawkish Fed concerns; Fed minutes: balance sheet run-off in focus as rate bets hold; Musk refiles SEC paperwork, indicates 'active' role from Twitter stake; JetBlue makes $3.6 billion offer for Spirit, bumping Frontier from gate and Big Oil bosses face gas price grilling…

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