JetBlue sweetened its proposal to Spirit Airlines, offering to acquire all of the outstanding common stock of Spirit for $33 cash per share. The stock is currently trading at $23.61 per share.
But Spirit has already spurned JetBlue’s latest proposal, saying it still prefers its other suitor.
JetBlue’s alliance with legacy carrier American Airlines is a major sticking point. The partnership, called the, allows each airline’s frequent flyers to have access to perks on the other airline.
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Spirit will continue to pursue a merger with Frontier instead of JetBlueSpirit says a deal with JetBlue isn’t likely to receive antitrust clearance.
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Spirit star Ashley Sanchez continues rapid ascent as NWSL season beginsOn a team with a teenage superstar, two-time World Cup winner, scoring champion and two-time goalkeeper of the year, Ashley Sanchez is a ringleader.
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