JetBlue, Spirit vow to appeal judge’s decision to block merger
JetBlue Airways and Spirit Airlines said Friday they will appeal a judge's decision that blocked the airlines from merging. The airline filed a notice of appeal with the U.S. Court of Appeals for the First Circuit. Said on friday statement. A federal judge on Tuesday blocked JetBlue's $3.8 billion acquisition of Spirit, saying it would […]
JetBlue, Spirit Airlines to appeal judge’s ruling that blocked $3.8B merger
JetBlue Airways and Spirit Airlines announced Friday that they will appeal a federal judge's ruling that blocked the airlines' planned merger, saying it violated U.S. antitrust laws. The appeal comes after U.S. District Judge William Young in Boston ruled Tuesday that JetBlue's $3.8 billion plan to acquire ultra-low-cost airline Spirit was anticompetitive and would harm […]
Biden hails court decision to block of Spirit, JetBlue merger
President Biden on Tuesday praised a federal judge's decision to block the merger of Spirit Airlines and JetBlue Airways, calling it a victory for consumers. “Capitalism without competition is not capitalism. It is exploitation,” Biden said in a statement. “Today's ruling is a victory for consumers around the world who demand lower prices and more […]
Federal judge blocks $3.8B merger of Spirit, JetBlue
A federal judge on Tuesday blocked JetBlue Airways' proposed $3.8 billion takeover of Spirit Airlines, saying it would reduce competition and harm consumers. U.S. District Judge William Young said in a court filing Tuesday that the acquisition, which would make JetBlue the fifth-largest airline, “complies with the Clayton Act, which is designed to prevent anticompetitive […]
Federal court blocks proposed merger between JetBlue Airways and Spirit Airlines
See what's being clicked on FoxBusiness.com A federal judge on Tuesday blocked JetBlue Airways' proposed $3.8 billion takeover of low-cost carrier Spirit Airlines, agreeing with the Justice Department's opinion that the deal would harm the availability of low-cost flights. U.S. District Judge William Young said the proposed merger “violates the core principle of antitrust law: […]
Washington state sues to halt $25B Kroger-Albertsons merger
Washington state asks a judge to block a proposed $25 billion merger between two of the nation's largest grocery chains, Kroger and Albertsons, saying the new company would harm customers and raise prices. I asked for it. a lawsuit A lawsuit filed Monday in King County Superior Court seeks to block the proposed merger of […]