Big Law

Spirit Airlines Surges as Justice Department’s Trial to Block JetBlue Deal Completes Its Third Week

Spirit Airlines (NYSE:SAVE) jumped 21% as the Dept. of Justice’s trial to block its planned sale to JetBlue Airways (NASDAQ:JBLU) completed its third week. JetBlue fell 4.2%.

The trial started in Boston on Oct. 31 and is set to continue next week.

The DOJ sued to block the combination in March. JetBlue (JBLU) tried to appease the DOJ with a divestiture plan announced in September.

Read the source article at Seeking Alpha

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