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    1. Airlines

    JetBlue Goes Hostile to Buy Spirit Airlines after Rejection

    May 16, 2022
    On Monday, JetBlue Airways launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival

    By Rajesh Kumar Singh and David Shepardson

    Source Reuters

    CHICAGO/WASHINGTON, May 16 (Reuters) - JetBlue Airways Corp (JBLU.O) is not taking no for an answer in its quest to buy rival Spirit Airlines (SAVE.N).

    On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival.

    Read more: https://www.reuters.com/business/aerospace-defense/jetblue-launch-tender-offer-spirit-airlines-wsj-2022-05-16/