Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators.
JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation's biggest budget airline.
DOVER, Del. (AP) — Twitter has set Sept. 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk.
The company said in a regulatory filing on Tuesday that it is recommending shareholders vote for the $44 billion deal to be completed.
Days ahead of a shareholder vote at Spirit Airlines over a proposed buyout by rival budget carrier Frontier, the vote was postponed for a fourth time in a signal that the deal still lacks support from investors.
NEW YORK (AP) — Spirit Airlines, the target of a budget airline bidding war, said Tuesday that its board has been in talks with JetBlue about last week's buyout offer while remaining engaged with Frontier Airlines, with which Spirit has already reached a merger agreement.
Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday shareholder vote on whether to accept one of those buyout offers after a flurry of counter proposals from Frontier Airlines and JetBlue Airways.
Spirit Airlines shareholders are scheduled to vote June 10 on a $2.9 billion buyout offer from Frontier Airlines.
Shareholders will be voting, in effect, whether to take Frontier’s bid and reject a higher offer from JetBlue Airways.