JetBlue Submits Enhanced Superior Proposal to Acquire Spirit
Source: JetBlue JetBlue today announced it has enhanced its proposal to the Board of Directors of Spirit (NYSE: SAVE) to acquire all of the outstanding common stock of Spirit for $33 cash per share. The enhanced proposal offers Spirit shareholders both superior financial value and greater certainty than the Frontier transaction: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220502005423/en/ Divestiture commitment: If necessary, JetBlue would agree to divest assets of JetBlue and Spirit up to a material adverse effect on Spirit, with a limited carve-out for actions that would adversely impact JetBlue’s Northeast Alliance (NEA) with American Airlines. Remedy package to address NEA and regulatory concerns: JetBlue would offer a remedy package that includes the divestiture of [...]