bullish

Spirit Airlines Eetcs (SAVE) - Thursday, Feb 15, 2024

193 Views17 May 2024 06:01
Syndicated
SUMMARY
  • Tier's offer to acquire Spirit included an all stock consideration of 1.52 shares of Frontier stock for each share of Spirit stock
  • Spirit valued the offer at $25.28 per share, totaling $6.2 billion
  • Spirit was concerned about Frontier's ability to execute due to their high leverage and limited track record of integration, leading them to explore a potential merger with Jet Blue

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Value Investors Club
External reports (aggregated public sources)
Value Investors Club
Equity Bottom-UpEvent-Driven
Price Chart(Sign Up to Access)
analytics-chart
  • Loading...
x