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Your email address will not be published.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

Mark Thompson, Former New York Times C.E.O., Among Candidates to Lead CNN

Mark Thompson, a former top executive at The New York Times and…

Biden campaign releases first TV ad speaking to Asian Americans and Pacific Islanders

The Biden campaign has released the first in a series of ads…

Pennsylvania man, 84, accused of killing wife in argument over cat’s vet care

An 84-year-old Pennsylvania man is accused of beating his wife to death…

The New York Post names British tabloid deputy as its new top editor.

The New York Post is getting a new top editor, News Corp…