Current：Home > MarketsJetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline -Elevate Capital Network
JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline
View
Date：2025-04-11 21:16:04
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！ (1)
Related
- The Daily Money: Spending more on holiday travel?
- Woman killed at Chiefs' Super Bowl celebration identified as radio DJ Lisa Lopez-Galvan
- See Zendaya and Tom Holland's Super Date Night in First Public Outing Since Breakup Rumors
- Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Lawsuits ask courts to overturn Virginia’s new policies on the treatment of transgender students
- Scientists find water on an asteroid for the first time, a hint into how Earth formed
- Hilary Swank shares twins' names for first time on Valentine’s Day: 'My two little loves'
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Nordstrom Rack's Extra 40% Off Clearance Sale Has Us Sprinting Like Crazy To Fill Our Carts
Ranking
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- Zendaya’s Futuristic Dune: Part Two Premiere Look Has a NSFW Surprise
- Why banks are fighting changes to an anti-redlining program
- Volkswagen-backed Scout Motors, in nod to past, toasts start of construction of electric SUV plant
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- Hamas recruiter tells CBS News that Israel's actions in Gaza are fueling a West Bank recruiting boom
- Nebraska Republican gives top priority to bill allowing abortions in cases of fatal fetal anomalies
- 14 GOP-led states have turned down federal money to feed low-income kids in the summer. Here’s why
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Championship parades likely to change in wake of shooting at Chiefs Super Bowl celebration
Pennsylvania mom convicted of strangling 11-year-old son, now faces life sentence
Fani Willis to return to the witness stand as she fights an effort to derail Trump’s election case
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
New York redistricting panel approves new congressional map with modest changes
First nitrogen execution was a ‘botched’ human experiment, Alabama lawsuit alleges
A loophole got him a free New York hotel stay for five years. Then he claimed to own the building