DALLAS – The seemingly never-ending story of the Spirit Airlines (NK) purchase rumbles on with the company’s shareholders now set to vote on JetBlue’s US$3.8 billion take-over bid (B6).
According to NK’s filing with the US Securities and Exchange Commission (SEC), the vote will take place on October 19.
Spirit’s take-over story began in February when Frontier Airlines (F9) made an offer to purchase the carrier. But on April 5, JetBlue submitted an unsolicited counter offer. Despite F9 seemingly being the preferred suitor, it cancelled its bid on July 27. The B6 offer was finally accepted hours later, after being revised read more ⇒
Source:: “Airways Magazine”