Tag

Merger Appeal

All articles tagged with #merger appeal

business1 year ago•2 min saved

"JetBlue and Spirit's Merger Appeal Set for June Hearing in US Court"

A U.S. appeals court has scheduled arguments in June for JetBlue Airways and Spirit Airlines' appeal to overturn a judge's ruling that blocked their $3.8 billion merger, following the U.S. Department of Justice's opposition to the airlines' proposed schedule for May arguments. The airlines' merger agreement has a July 24 deadline, and the court order sets the initial brief due on Feb. 26, with the case fully briefed by April 25 and arguments during the court's June sitting.

via Reuters.com|

#antitrust-lawsuit #business #jetblue-airways

business1 year ago•1 min saved

"JetBlue and Spirit Airlines' Merger Appeal Hearing Set for June Amid Stock Survival Efforts"

A U.S. appeals court has scheduled arguments in June for JetBlue Airways and Spirit Airlines' appeal to overturn a judge's ruling that blocked their $3.8 billion merger, following the airlines' request for an expedited timeline. The U.S. Department of Justice opposed the airlines' proposed schedule, pushing for June arguments, and the court's order set the initial brief due on Feb. 26, with the case to be fully briefed by April 25 and arguments during the court's June sitting.

via Yahoo Finance|

#antitrust-lawsuit #business #jetblue-airways

business2 years ago•1 min saved

Spirit Airlines and JetBlue Appeal Blocked Merger, Shares Rebound

Spirit Airlines shares surged 20% after announcing an appeal against a federal judge's ruling blocking its merger with JetBlue, which was intended to create the fifth-largest airline in the US. The judge cited reduced competition as the reason for the block. Despite the initial stock drop, Spirit's shares rebounded following the appeal and an improved financial forecast for the fourth quarter of 2023. JetBlue shares also rose slightly after the merger was blocked.

via CNBC|

#antitrust-ruling #business #jetblue