JetBlue (JBLU) and Spirit (SAVE) Finally Agree to Merge After Grueling Battle
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/8/2026
- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
Pre-Open Movers: Meta, Qualcomm Fall; Renewable Stocks Up on Schumer/Manchin Deal
July 28, 2022 9:12 AM EDTPre-Open Stock Movers:
Community Health Systems (NYSE: CYH) 48% LOWER; reported Q2 EPS of ($2.52), $2.59 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $2.93 billion versus the consensus estimate of $3.14 billion.
JAKKS Pacific (NASDAQ: JAKK) 31% HIGHER; reported Q2 EPS of $2.10, $2.53 better than the analyst estimate of ($0.43). Revenue for the quarter came in at $220.4 million versus the consensus estimate of $122.07 million.
JetBlue wins Spirit takeover battle with $3.8 billion deal
July 28, 2022 6:35 AM EDTBy Rajesh Kumar Singh and Abhijith Ganapavaram
(Reuters) -JetBlue Airways Corp on Thursday prevailed in a months' long bidding war for Spirit Airlines Inc after the ultra-low-cost carrier accepted its $3.8 billion buyout deal.
The New York-based airline clinched the deal a day after Spirit terminated its $2.7 billion merger deal with Frontier Group Holdings.
JetBlue's shares were down 2.4%, while Spirit's shares were up 5.4% in afternoon trade.
With a combined market share of 9%, the acquisition would create the fifth-largest U.S. airline. JetBlue expects the deal to result in $600 million-$700 million in net annual synergies and... More
JetBlue Airways (JBLU) to Acquire Spirit (SAVE) for $33.50/sh
July 28, 2022 6:31 AM EDTJetBlue Airways Corporation (JetBlue) (NASDAQ: JBLU) and Spirit Airlines, Inc. (Spirit) (NYSE: SAVE) today announced that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders approval of the transaction and a ticking fee of $0.10 per month starting in January 2023 through closing, for an aggregate fully diluted equity value of $3.8 billion1 and an adjusted enterprise value of $7.6 billion2.
We are excited to deliver this compelling combination that... More
