Deals
28 July 2022, 2:33 am. 1 minute
| 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
