HomeInvestingOptionsJetBlue’s (JBLU) Move for Spirit Airlines (SAVE)
JetBlue’s (JBLU) Move for Spirit Airlines (SAVE)

Jet Blue (JBLU) and Spirit Airlines (SAVE) are the focus of today’s FOMO segment. Alex Coffey and Jenny Horne discuss JetBlue’s (JBLU) all cash offer to acquire Spirit Airlines (SAVE) for $33/share. That’s a 50% premium to their closing price last Monday prior to this news. Jenny talks about the regulatory hurdles facing the deal and the Raymond James analyst downgrade of JetBlue Airways (JBLU) to Market Perform from Outperform without a price target. Alex talks about what Spirit and JetBlue are trading at currently and demonstrates a trade using JetBlue (JBLU).

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