JetBlue Launches Hostile Takeover Bid For Spirit

JetBlue has launched a hostile takeover bid for Spirit Airlines, just a few weeks after the company's last two offers for the budget airline were rejected. JetBlue has offered Spirit investors $30 for each share they own, urging shareholders to vote against the existing Spirit-Frontier deal. Al Root, Senior Writer, Barron's, joined Cheddar's Opening Bell to discuss.
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