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Reuters reveals JetBlue, Spirit near takeover deal

Deals

Reuters was first to report that Frontier Group’s $2.7 billion acquisition of Spirit Airlines would collapse after the latter let it go to a shareholder vote that shot the deal down, allowing Spirit Airlines to finalize a $3.8 billion sale to JetBlue Airways. Shares of all three companies moved sharply after Reuters revealed the news. In a subsequent update today, Reuters reported that Spirit Airlines agreed to the $3.8 billion buyout offer from JetBlue Airways. 

Article Tags

Topics of Interest: Deals

Type: Reuters Best

Sectors: Equities

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

Reuters

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