JetBlue is going hostile in its bid for Spirit Airlines and asking Spirit shareholders to reject a proposed $2.9 billion acquisition by Frontier Airlines.
JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines.
By Allison Morrow and Chris Isidore, CNN Business JetBlue is going hostile in its effort to acquire Spirit, the latest twist in an industry battle for the low-cost carrier. Spirit previously rejected a takeover offer from JetBlue, favoring an earlier deal to merge with fellow budget airline Frontier…
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JetBlue Launches Hostile Takeover Bid for Spirit Airlines | Since Then