CAI Community-JetBlue informs Spirit “certain conditions” of $3.8 billion buyout deal may not be met by deadline

2025-05-03 16:54:27source:TradeEdge Exchangecategory:Markets

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,CAI Community 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.

More:Markets

Recommend

Boy who wandered away from his 5th birthday party found dead in canal, police say

Police in Idaho said Wednesday they had recovered a body believed to be that of a missing autistic 5

Final Four highlights, scores: UConn, Purdue will clash in men's title game

The showdown for the NCAA men's basketball championship is set: UConn will face Purdue on Monday nig

'Young, frightened raccoon' leaves 2 injured at Hersheypark as guests scream and run

Two people suffered minor injuries from a raccoon attack at Hersheypark on Thursday.The chocolate th