Current:Home > InvestJetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline-InfoLens
JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline
View Date:2024-12-23 11:42:26
NEW YORK (AP) — JetBlue Airways warned Friday that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend, sending Spirit shares tumbling.
A federal judge this month sided with the Justice Department and blocked JetBlue’s proposed $3.8 billion purchase of Spirit, though the airlines have filed their intention to appeal with a higher court.
JetBlue said Friday that it has told Spirit certain conditions of their deal might not be met by a deadline, which could lead JetBlue to terminate the deal as early as Sunday.
Shares of Spirit Airlines Inc. slumped 16% immediately after JetBlue disclosed its view of the potential merger in a regulatory filing.
veryGood! (253)
Related
- Controversial comedian Shane Gillis announces his 'biggest tour yet'
- Police find Missouri student Riley Strain’s body in Tennessee river; no foul play suspected
- Angela Chao Case: Untangling the Mystery Surrounding the Billionaire's Death
- Sophia Bush and Ashlyn Harris Enjoy Night Out at Friend Ruby Rose’s Birthday Bash
- Whoopi Goldberg calling herself 'a working person' garners criticism from 'The View' fans
- Gisele Bündchen Details Battle With Severe Panic Attacks and Depression in Her 20s
- Kim Kardashian Honors Aunt Karen Houghton After Her Death
- No charges to be filed in fight involving Oklahoma nonbinary teen Nex Benedict, prosecutor says
- Ben Affleck and His Son Samuel, 12, Enjoy a Rare Night Out Together
- Riley Strain Case: College Student Found Dead 2 Weeks After Going Missing
Ranking
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
- Idaho manhunt: Escaped Idaho inmate's handcuffs tie him to double-murder scene, police say
- Star Wars celebrates 'Phantom Menace' 25th anniversary with marathon of 9 films in theaters
- Kate Middleton Privately Returns to Royal Duties Amid Surgery Recovery
- Mike Tyson-Jake Paul: How to watch the fight, time, odds
- More than 440,000 Starbucks-branded mugs recalled due to burn, laceration risk
- Kate Middleton Privately Returns to Royal Duties Amid Surgery Recovery
- Reports attach Margot Robbie to new 'Sims' movie: Here's what we know
Recommendation
-
California man allegedly shot couple and set their bodies, Teslas on fire in desert
-
Millie Bobby Brown and Jake Bongiovi's Wedding Will Be Officiated by This Stranger Things Star
-
New York Mets to sign J.D. Martinez, make big splash late to bolster lineup
-
Kate Middleton Privately Returns to Royal Duties Amid Surgery Recovery
-
Singles' Day vs. Black Friday: Which Has the Best Deals for Smart Shoppers?
-
Authorities say Ohio man hid secret for 30 years. He's now charged for lying about his role in Rwandan genocide.
-
Save 44% on the TikTok-Loved Solawave Skincare Wand That Works in 5 Minutes During Amazon's Big Sale
-
Quoting Dr. Seuss, ‘Just go, Go, GO!’ federal judge dismisses Blagojevich political comeback suit