Previous Close | 19.09 |
Open | 19.26 |
Bid | 18.95 x 1000 |
Ask | 18.95 x 800 |
Day's Range | 18.82 - 19.32 |
52 Week Range | 15.92 - 37.19 |
Volume | |
Avg. Volume | 5,143,367 |
Market Cap | 2.04B |
Beta (5Y Monthly) | 1.38 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -5.30 |
Earnings Date | Apr 19, 2022 - Apr 25, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 28.43 |
Spirit Airlines (NYSE: SAVE) has once again rebuked a takeover overture from JetBlue Airways (NASDAQ: JBLU), despite JetBlue's willingness to pay a higher price than Spirit merger partner Frontier Group Holdings (NASDAQ: ULCC). JetBlue investors appear pleased with the development, sending shares of the airline up 5% on Thursday afternoon. Spirit and Frontier announced plans to merge back in February, but in April JetBlue stepped in with its own offer to acquire Spirit.
(Bloomberg) -- Spirit Airlines Inc. rebuffed a hostile $3.3 billion takeover offer from JetBlue Airways Corp., setting the stage for a potentially contentious vote by shareholders on whether to back the bid or go with a competing proposal from Frontier Group Holdings Inc.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightChina in Talks With Russia to Buy Oil for Strategic ReservesApple Shows AR/VR Headset to Board in Sign of Progress on
Frontier Airlines parent Frontier Group Holdings Inc (NASDAQ: ULCC) commented on Spirit Airlines Inc.'s (NYSE: SAVE) rejection of JetBlue Airways Corp's (NASDAQ: JBLU) offer. "We are pleased that the Spirit Board of Directors has again reaffirmed its commitment to combining with Frontier, which increases competition by bringing more ultra-low fares to more travelers and delivering substantial shareholder value," stated Barry Biffle, President and CEO of Frontier. What Happened: Spirit Airlines,