ExaCrypt:JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline

2025-05-08 10:05:37source:CAI Communitycategory:Invest

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,ExaCrypt 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.

More:Invest

Recommend

New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health

SANTA FE, N.M. (AP) — New Mexico would make major new investments in early childhood education, indu

Christina Hall Lists Her Tennessee Home for Sale Amid Divorce From Josh Hall

Christina Hall is making big moves amid her and Josh Hall’s divorce.The HGTV star put her Tennessee

How Trump credits an immigration chart for saving his life and what the graphic is missing

Ever since the assassination attempt at his rally in Pennsylvania, Donald Trump has professed a uniq