The Spirit – JetBlue Antitrust Trial Kicks Off – Merger Arbitrage Mondays
Key Highlights
- The antitrust trial challenging the merger of Spirit Airlines (SAVE) and JetBlue (JBLU) kicked off on October 31.
- Two multi-billion dollar REIT deals were announced last week.
- Six Flags Entertainment Corporation (SIX) and Cedar Fair (FUN) to combine in an all-stock merger of equals transaction, for an enterprise value of approximately $8 billion.
Spirit Airlines (SAVE) $11.26
Market Cap: $1.23 billion
Enterprise Value: $6.9 billion
In the past two years, we have written multiple articles about Spirit Airlines in our Merger Arbitrage Mondays posts. The company was also the spotlight idea for our Special Situation Newsletters in September 2022 and October 2023.
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