Spirit Airlines Board to 'carefully review' JetBlue's offer

Monday, 16. May 2022 20:41

Spirit Airlines Inc. Board of Directors (the "Board") announced on Monday that it will "carefully review JetBlue's tender offer to determine the course of action that it believes is in the best interests of Spirit and its stockholders."

"Spirit stockholders are urged to take no action with respect to the JetBlue tender offer at this time pending the Board's evaluation of the offer," reads the statement.

Earlier, the Wall Street Journal reported that JetBlue Airways was planning a hostile takeover of Spirit Airlines Inc. after its initial bid was rejected.

Related Links: Spirit Airlines Inc.JetBlue Airways Corp.
Author:
Baha Breaking News (BBN) / JG