JetBlue Has Set July 25, 2023, As The Record Date For The July 2023 Prepayment To Spirit Stockholders Of $0.10 Per Spirit Share
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways Corporation (JBLU) has set July 25, 2023, as the record date for the July 2023 prepayment to Spirit Airlines, Inc. (SAVE) stockholders of $0.10 per Spirit share. The payment is set to occur on July 31, 2023, as part of the Merger Agreement between the two companies.
July 14, 2023 | 1:01 pm
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POSITIVE IMPACT
Spirit stockholders are set to receive a prepayment from JetBlue as part of the merger agreement. This could potentially increase the attractiveness of Spirit shares in the short term.
The announcement is directly related to Spirit and its ongoing merger with JetBlue. The prepayment to Spirit stockholders could potentially increase the attractiveness of Spirit shares, possibly leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
JetBlue's announcement of the record date for prepayment to Spirit stockholders is part of the ongoing merger process. This could potentially impact JetBlue's cash reserves in the short term.
The announcement is directly related to JetBlue and its ongoing merger with Spirit. The prepayment could potentially impact JetBlue's cash reserves, but the overall impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100