"Investors have been expecting this deal to fail. JetBlue's $33.50 per share bid represents a 105% premium to where Spirit shares closed trading on Monday."
---
RT @axios
NEW: The DOJ has filed an antitrust lawsuit to block JetBlue's planned $3.8 billion takeover of Spirit Airlines, alleging the merger would raise ticket prices and lessen options for travelers.
https://trib.al/UUIux0V
https://twitter.com/axios/status/1633128868935790593
@annmlipton That does sound like an especially strange and suspicious merger, given that JetBlue is one of the more expensive options and Spirit is damn near the cheapest.
What's next? Shake Shack is going to buy a McDonalds franchise?
