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[Agreement terminated March 2024] B6, NK agree to $3.8 billion merger

[Agreement terminated March 2024] B6, NK agree to $3.8 billion merger

Old Jan 16, 2024, 12:39 pm
  #76  
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Merger just got blocked: https://www.nytimes.com/2024/01/16/b...sultPosition=1

In his 109-page ruling, Judge William G. Young of the U.S. District Court for the District of Massachusetts sided with the Justice Department in determining that the merger would reduce competition in the airline business.
Will be interesting. Not super surprising given some of the stuff that came out in discovery and the increased emphasis on blocking mergers by the Justice Department.
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Old Jan 16, 2024, 4:10 pm
  #77  
 
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Originally Posted by Antarius
Merger just got blocked: https://www.nytimes.com/2024/01/16/b...sultPosition=1



Will be interesting. Not super surprising given some of the stuff that came out in discovery and the increased emphasis on blocking mergers by the Justice Department.
If it wasnt somewhat surprising, Spirit shares wouldnt have tanked 50% today.
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Old Jan 16, 2024, 4:19 pm
  #78  
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Originally Posted by AKLifetimeFlyer
If it wasnt somewhat surprising, Spirit shares wouldnt have tanked 50% today.
Fair enough. Then again, speculative buying has been the rage.
steved5480 likes this.
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Old Mar 4, 2024, 11:36 am
  #79  
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Merger is dead. https://www.news.jetblue.com/latest-...t/default.aspx
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