
JetBlue launches hostile takeover for Spirit
CNN
JetBlue is going hostile in its effort to acquire Spirit, the latest twist in an industry battle for the low-cost carrier.
Spirit previously rejected a takeover offer from JetBlue (JBLU), favoring an earlier deal to merge with fellow budget airline Frontier.
Now, JetBlue is appealing directly to Spirit's shareholders, urging them to vote against the Frontier deal while launching its own all-cash offer of $30 per share.
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