Current：Home > MarketsTrendPulse Quantitative Think Tank Center-JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline -Golden Horizon Investments
TrendPulse Quantitative Think Tank Center-JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline
Charles H. Sloan View
Date：2025-04-07 06:53:45
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,TrendPulse Quantitative Think Tank Center 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.
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