Spirit shareholders approve takeover by JetBlue after long battle for discount airline

De la TradeVille.ro wiki


A majority of Spirit Airlines 

shareholders have approved a takeover by JetBlue Airways

, ending a six-month battle to create the country’s fifth-largest carrier.

Spirit announced the results of the vote after a special shareholder meeting on Wednesday. In April, JetBlue made a $3.8 billion all-cash offer for Spirit, derailing Spirit’s plan for a cash-and-stock deal to merge with Frontier Airlines. 

The airlines now must convince federal regulators that that agreement won’t harm competition and drive up fares for consumers, a major hurdle in getting the takeover approved.

(US.SAVE)

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