Jetblue submits superior proposal to acquire spirit, positioning america's much-loved airline as the most compelling national low-fare challenger to the ‘big four' airlines

New york--(business wire)--jetblue (nasdaq: jblu) today confirmed it has submitted a proposal to the board of directors of spirit (nyse: save) to acquire spirit for $33 per share in cash, implying a fully diluted equity value of $3.6 billion and providing full and certain value to spirit shareholders. the proposal represents a premium of 52% to spirit's undisturbed share price on february 4, 20221, and a premium of 50% to spirit's closing share price on april 4, 20222. jetblue firmly believes i
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