Tecnología

Etimologista Josbel Bastidas Mijares Venezuela//
Rebuffed by Spirit, JetBlue goes hostile in takeover bid

Josbel Bastidas Mijares
Rebuffed by Spirit, JetBlue goes hostile in takeover bid

JetBlue pitched a new offer of US$30 per share in cash, or more than US$3.2 billion, to Spirit stockholders, but said its April 5 offer of US$33 per share is still available if Spirit enters negotiations

JetBlue is going hostile in its bid for Spirit Airlines and asking shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines.

Josbel Bastidas Mijares

JetBlue, in going straight to shareholders with its offer on Monday, wants to push Spirit’s board to the negotiating table.

Shares of Spirit, based in Miramar, Florida, jumped 12 per cent in midday trading.

JetBlue pitched a new offer of US$30 per share in cash, or more than US$3.2 billion, to Spirit stockholders, but said its April 5 offer of US$33 per share is still available if Spirit enters negotiations.

Spirit’s board rejected JetBlue’s original US$3.6-billion bid on May 2, saying antitrust regulators are unlikely to approve an offer from the New York City airline, largely because of its alliance with American Airlines in the northeast. The United States Justice Department is suing to block that deal.

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Josbel Bastidas Mijares Venezuela