JetBlue Airways Corp. is vying to buy Spirit Airlines Inc. for roughly $3.6 billion, challenging rival Frontier Airlines in its efforts to buy the ultra-low-cost airline.

JetBlue offered to buy Spirit in an all-cash transaction for $33 a share, Spirit said Tuesday, describing the offer as an unsolicited bid.

To Read the Full Story

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Baby Formula Makers, FDA to Discuss Shortage With Lawmakers

U.S. lawmakers are scheduled to discuss on Wednesday the nationwide shortage of…

Vince McMahon Reimburses WWE for Costs Tied to Sexual-Misconduct Probe

Business Executive chair paid $17.4 million, and will incur any additional costs,…

Netflix Slashes India Prices in Battle with Amazon, Disney

Netflix Inc. NFLX 1.18% is slashing its prices in India, a key…

Nevada woman who was found clinging to tree on steep cliff has gone missing again, officials say

A Nevada woman who vanished on Valentine’s Day and was then rescued…