Current：Home > ScamsJetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline -Intelligent Capital Compass
JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline
View
Date：2025-04-19 00:12:11
NEW YORK (AP) — JetBlue Airways warned Friday that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend, sending Spirit shares tumbling.
A federal judge this month sided with the Justice Department and blocked JetBlue’s proposed $3.8 billion purchase of Spirit, though the airlines have filed their intention to appeal with a higher court.
JetBlue said Friday that it has told Spirit certain conditions of their deal might not be met by a deadline, which could lead JetBlue to terminate the deal as early as Sunday.
Shares of Spirit Airlines Inc. slumped 16% immediately after JetBlue disclosed its view of the potential merger in a regulatory filing.
veryGood！ (852)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Jacksonville Jaguars reveal new white alternate helmet for 2024 season
- Truck driver faces manslaughter charges after 5 killed in I-95 crash, North Carolina officials say
- Newsom issues executive order for removal of homeless encampments in California
- Buckingham Palace staff under investigation for 'bar brawl'
- OpenAI tests ChatGPT-powered search engine that could compete with Google
- Still no return date for Starliner as Butch Wilmore and Suni Williams remain in space
- Does Taylor Swift support Kamala Harris? A look at her political history, new Easter eggs
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Yellowstone shuts down Biscuit Basin for summer after hydrothermal explosion damaged boardwalk
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Cleansing Balms & Oils To Remove Summer Makeup, From Sunscreen to Waterproof Mascara
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Let Me Spell It Out
- Missouri Supreme Court halts release of man from prison after overturned conviction
- Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
- Judge won’t block Georgia prosecutor disciplinary body that Democrats fear is aimed at Fani Willis
- My Favorite SKIMS Drops This Month: Minimalist Dresses, Matching Sets, Plush Slippers & More
- USA vs. France takeaways: What Americans' loss in Paris Olympics opener taught us
Recommendation
'Stranger Things' prequel 'The First Shadow' is headed to Broadway
Exclusive: Tennis star Coco Gauff opens up on what her Olympic debut at Paris Games means
Workers at GM seat supplier in Missouri each tentative agreement, end strike
Unleash Your Inner Merc with a Mouth: Ultimate Deadpool Fan Gift Guide for 2024– Maximum Chaos & Coolness
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Taylor Swift's best friend since childhood Abigail is 'having his baby'
Justice Kagan says there needs to be a way to enforce the US Supreme Court’s new ethics code
Truck driver faces manslaughter charges after 5 killed in I-95 crash, North Carolina officials say