Business
Spirit starts talking with JetBlue for over $3.6 billion deal
Spirit Airlines Inc. say it will entertain JetBlue Of the airline group $3.6 billion unsolicited bid to buy the airline and begin negotiations with its new suitor.
Morale happened a $2.9 billion merger deal with Frontier Group Holdings Inc., another low-cost airline, when JetBlue joined a competitive offer. Spirit said its board has determined that JetBlue’s offer is “reasonably likely to result in a “superior proposal” — something that would allow it to enter into negotiations with JetBlue under specific terms. terms of the merger agreement.