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

181 Views17 May 2024 06:01
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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.

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