Article contentWASHINGTON — Spirit Airlines on Tuesday said it received an unsolicited offer from JetBlue Airways for about $3.6 billion, potentially snarling merger plans between Frontier Group Holdings and Spirit. Try refreshing your browser, or Spirit Airlines says it received merger proposal from JetBlue Back to videoShares of Spirit rose 22%, their highest level since mid-February. Sprit’s 52-week high of $39.19 is $6 above the reported offer from JetBlue of $33 per share. Earlier, the New York Times reported https://www.nytimes.com/2022/04/05/business/jetblue-spirit-frontier.html?searchResultPosition=1 the $33 a share JetBlue offer, citing people with knowledge of the matter. The U.S. Justice Department, which would review any merger proposal, declined to comment.

Source: New York Times April 05, 2022 20:45 UTC