Did Spirit Airlines shareholders approve JetBlue buyout?
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.
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JetBlue has agreed to buy Spirit Airlines for $33.50 per share in cash, including $2.50 prepaid last year and an additional $0.10 per share (up to $1.80) paid each month until the deal is closed or terminated.
If the merger ultimately gains approval, Spirit Airlines shareholders would be in line for a $29.85 per share payout next year -- plus $0.10 monthly payments until then.
It's about acquiring more planes, pilots and staff. JetBlue wants to acquire Spirit basically as a way of growing JetBlue much faster, David Slotnick with The Points Guy said. They want to double the size of their airline.
Largest shareholders include BlackRock Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, State Street Corp, Donald Smith & Co., Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IJH - iShares Core S&P Mid-Cap ETF, Wellington Management Group Llp, NAESX - Vanguard Small-Cap Index Fund Investor ...
Choosing between Spirit vs JetBlue for your next flight? The quick answer is that Spirit is an ultra-low-cost airline with limited comforts and questionable customer service. JetBlue is a low-cost airline known for its quality in customer service and comfortable cabins.