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Spirit board urges shareholders to reject JetBlue’s tender offer

05/19/2022

Less than a minute

2022.05.19 14:22

Spirit board urges shareholders to reject JetBlue's tender offer
FILE PHOTO: A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau

(Reuters) – Spirit Airlines (NYSE:SAVE) Inc said on Thursday its board had urged shareholders to reject the unsolicited buyout offer from JetBlue Airways (NASDAQ:JBLU) Corp.

The offer was not in the best interest of the low-cost carrier and its stockholders, Spirit said.

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05/19/2022

Less than a minute