Current：Home > MarketsJetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline -AssetBase
JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline
View
Date：2025-04-15 17:39:01
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！ (8186)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Jimmy Carter Signed 14 Major Environmental Bills and Foresaw the Threat of Climate Change
- Why Chinese Aluminum Producers Emit So Much of Some of the World’s Most Damaging Greenhouse Gases
- A New Shell Plant in Pennsylvania Will ‘Just Run and Run’ Producing the Raw Materials for Single-Use Plastics
- Senate begins final push to expand Social Security benefits for millions of people
- How climate change could cause a home insurance meltdown
- Hurricanes Ian and Nicole Left Devastating Flooding in Central Florida. Will it Happen Again?
- Zayn Malik Makes Rare Comment About His and Gigi Hadid's Daughter Khai in First Interview in 6 Years
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Denied abortion for a doomed pregnancy, she tells Texas court: 'There was no mercy'
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- You know those folks who had COVID but no symptoms? A new study offers an explanation
- I’m Obsessed With Colgate Wisp Travel Toothbrushes and They’re 46% Off on Amazon Prime Day 2023
- Proof Emily Blunt and Matt Damon's Kids Have the Most Precious Friendship
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- A first-class postal economics primer
- Natural gas can rival coal's climate-warming potential when leaks are counted
- Amazon Prime Day 2023 Deal: Save 50% On the Waterpik Water Flosser With 95,800+ 5-Star Reviews
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Despite a Changing Climate, Americans Are ‘Flocking to Fire’
2022 Will Be Remembered as the Year the U.S. Became the World’s Largest Exporter of Liquified Natural Gas
South Korea's death toll from rainstorms grows as workers search for survivors
See you latte: Starbucks plans to cut 30% of its menu
After a Decade, Federal Officials Tighten Guidelines on Air Pollution
Microplastics Pervade Even Top-Quality Streams in Pennsylvania, Study Finds
A mom owed nearly $102,000 for her son's stay in a state mental health hospital
Like
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- The EPA Is Helping School Districts Purchase Clean-Energy School Buses, But Some Districts Have Been Blocked From Participating
- NOAA Climate Scientists Cruise Washington and Baltimore for Hotspots—of Greenhouse Gases and Air Pollutants