JetBlue Airways Confirms Proposal to Acquire Spirit Airlines For $3.6 Billion

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In a surprise move, JetBlue Airways confirmed yesterday, Tuesday, April 5, 2022 that a proposal has been submitted to the board of directors of Spirit Airlines with the intent to acquire the airline for $33.00 per share in cash, which implies a fully diluted equity value of $3.6 billion and providing full and certain value to the shareholders of Spirit Airlines.
What was thought to be a…

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