Spirit Airlines $SAVE Stock News: JetBlue Airways raises offer to $3.7 billion
The deal would value Spirit Airlines at $3.7 billion.has climbed 12.8% on Tuesday on the back of news thatis not giving up on acquiring the discount carrier. JetBlue raised its offer from $31.50 a share to $33.50 a share, or $3.7 billion. SAVE stock is trading at $24 in Tuesday's premarket.board is set to hold a shareholder vote on June 30 concerning the proposed mergers and said they would communicate with investors before the vote is held.
“After discussions with the Spirit team last week and further due diligence review, we are more convinced than ever that a JetBlue-Spirit transaction would create a true national competitor to the Big Four and deliver value to all of our stakeholders,”said. The big four is a nickname for the four largest carriers that control about 80% of the US market.now says it is willing to divest certain assets it owns as well as some owned by Spirit if the merger were to go through.
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