JetBlue informs Spirit "certain conditions" of $3.8 billion buyout deal may not be met by deadline
JetBlue Airways says it may end its attempt to buy low-cost carrier Spirit Airlines as soon as this weekend, sending Spirit shares tumbling
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Your support makes all the difference.JetBlue Airways warned Friday that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend, 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.