In the courtroom.
01-26-2024, 05:58 AM
#962
Gets Weekends Off
Joined APC: Apr 2019
Posts: 341
"Yesterday, JetBlue Airways Corporation (“JetBlue”) informed Spirit Airlines, Inc. (“Spirit”) that certain conditions to closing required by the Agreement and Plan of Merger, dated as of July 28, 2022, among JetBlue, Spirit and Sundown Acquisition Corp., a Delaware corporation, and a direct wholly owned subsidiary of JetBlue (the “Merger Agreement”) may not be satisfied prior to the outside dates set forth in the Merger Agreement (and also informed Spirit that accordingly the Merger Agreement may be terminable on and after January 28, 2024).
JetBlue continues to evaluate its options under the Merger Agreement. Unless and until such time as the Merger Agreement is terminated pursuant to its terms, JetBlue will continue to abide by all of its obligations under the Merger Agreement."
8-K (Current report filing)
JetBlue continues to evaluate its options under the Merger Agreement. Unless and until such time as the Merger Agreement is terminated pursuant to its terms, JetBlue will continue to abide by all of its obligations under the Merger Agreement."
8-K (Current report filing)
01-26-2024, 06:28 AM
#963
weekends off? Nope...
Joined APC: Apr 2014
Posts: 2,021
"Yesterday, JetBlue Airways Corporation (“JetBlue”) informed Spirit Airlines, Inc. (“Spirit”) that certain conditions to closing required by the Agreement and Plan of Merger, dated as of July 28, 2022, among JetBlue, Spirit and Sundown Acquisition Corp., a Delaware corporation, and a direct wholly owned subsidiary of JetBlue (the “Merger Agreement”) may not be satisfied prior to the outside dates set forth in the Merger Agreement (and also informed Spirit that accordingly the Merger Agreement may be terminable on and after January 28, 2024).
JetBlue continues to evaluate its options under the Merger Agreement. Unless and until such time as the Merger Agreement is terminated pursuant to its terms, JetBlue will continue to abide by all of its obligations under the Merger Agreement."
8-K (Current report filing)
JetBlue continues to evaluate its options under the Merger Agreement. Unless and until such time as the Merger Agreement is terminated pursuant to its terms, JetBlue will continue to abide by all of its obligations under the Merger Agreement."
8-K (Current report filing)
01-26-2024, 06:40 AM
#965
Gets Weekends Off
Thread Starter
Joined APC: Oct 2017
Posts: 3,233
hopefully, Spirit can get their money back for that fancy attorney they just hired.
but seriously, though. what if Spirit took that news to the appeals court and said “hey guys look, we need to be on the fast lane to getting a decision.”
01-26-2024, 06:59 AM
#967
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
01-26-2024, 07:28 AM
#968
Gets Weekends Off
Joined APC: Sep 2017
Position: NK CA
Posts: 840
My first guess was hardball to negotiate a lower price (JB would be crazy not to try). However I read online that can't be done once an appeal is filed? No idea can't seem to find anything pertaining to that.
01-26-2024, 07:57 AM
#970
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
I think they can't terminate the deal and get a new one, without starting the process over. But should be able to negotiate different pricing terms and amend the outside date. But could be wrong.
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