Spirit Airlines Inc

NYSE:SAVE   1:31:26 PM EDT
24.18
-0.30 (-1.23%)
Other Pre-Announcement

JetBlue, Spirit to Create National Low-Fare Challenger to Dominant Big Four Airlines

Published: 07/28/2022 10:48 GMT
Spirit Airlines Inc (SAVE) - Jetblue and Spirit to Create a National Low-fare Challenger to the Dominant Big Four Airlines.
Jetblue Airways Corp - Jetblue Terminates Its All-cash Tender Offer to Acquire Spirit Common Stock.
Jetblue Airways Corp - Proposed Deal for an Aggregate Fully Diluted Equity Value of $3.8 Billion1.
Jetblue Airways Corp - Terminates Its All-cash Tender Offer to Acquire Spirit Common Stock.
Jetblue Airways Corp - Proposed Deal for Adjusted Enterprise Value of $7.6 Billion.
Jetblue Airways Corp - Jetblue Expects to Achieve $600-700 Million in Net Annual Synergies Once Integration is Complete.
Jetblue Airways Corp - Combined Company is Projected to Have Annual Revenues of Approximately $11.9 Billion Based on 2019 Revenues.
Jetblue Airways Corp - Jetblue Will Acquire Spirit for $33.50 per Share in Cash.
Jetblue Airways Corp - Expects Transaction to Be Significantly Accretive to Earnings per Share in First Full Year Following Closing.
Jetblue Airways Corp - Expect to Conclude Regulatory Process and Close Transaction No Later Than First Half of 2024.
Jetblue Airways Corp - Expects Transaction to Be Significantly Accretive to Earnings per Share in First Full Year Following Closing.
Jetblue Airways -deal Includes Prepayment of $2.50/share in Cash Payable Upon Spirit Stockholders' Approval and Ticking Fee of $0.10/month Jan.
2023 to Closing.
Jetblue Airways Corp - Jetblue and Spirit Will Continue Operating Independently Until Closing.