JetBlue Goes Hostile
You may be having a rough day, but you’ll probably never have a “an airplane company is mad at me” level rough day. So that’s nice.
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An ongoing effort by JetBlue to acquire Spirit has taken a turn. Spirit has rejected takeover offers in favor of a merger with Frontier, but JetBlue is now appealing to shareholders. JetBlue has made an all-cash offer of $30 per share if shareholders vote down the Frontier merger.