Shearman And Sterling

News May 16, 2022

JetBlue Commences Hostile Tender Offer for Spirit Airlines

Shearman & Sterling is advising JetBlue Airways Corp. in its hostile takeover bid to acquire Spirit Airlines for approximately $3.4 billion, including JetBlue’s no vote proxy campaign against Spirit’s $2.9 billion merger with Frontier Group and JetBlue’s all cash tender offer to acquire Spirit for $30 per share.

The Team