Big Law

JetBlue Casts Doubt on Its $3.8 Billion Merger Deal With Spirit Airlines

JetBlue Airways on Friday raised doubts about the future of its $3.8 billion merger deal with Spirit Airlines, saying it might be unable to meet certain conditions required as part of the agreement for unspecified reasons.

As a result, JetBlue said it had informed Spirit that the merger agreement might be terminated as early as Sunday.

Shares of Spirit were down 9.5% at $6.54 on Friday afternoon, adding to their losses of about 55% this month which were sparked by a U.S. judge’s move to block the deal. JetBlue’s shares were up 3.5% at $5.53.

Read the source article at Yahoo Finance

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