UAL - Why Is Spirit Airlines Stock Sliding Friday? | Benzinga
Spirit Airlines, Inc (NYSE:SAVE) stock plunged Friday as JetBlue Airways Corp (NASDAQ:JBLU) disclosed its inability to comply with every provision of the $3.8 billion merger deal within the stipulated period. The update sent the prices of the target company down 18% Friday.
JetBlue also informed Spirit that the deal may be terminable on and after January 28, 2024.
Earlier this month the companies shared their plans to appeal a federal judge's decision ...