JetBlue Announces Record And Payment Date As November 24, 2023 For Additional $0.10 Prepayment To Spirit Stockholders
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways Corporation (NASDAQ:JBLU) has announced November 24, 2023, as the record date for an additional prepayment of $0.10 per share to Spirit Airlines, Inc. (NYSE:SAVE) stockholders, with the payment to be made on November 30, 2023. This is in accordance with the Merger Agreement dated July 28, 2022.
November 14, 2023 | 2:18 pm
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NEUTRAL IMPACT
JetBlue has declared a record date for an additional prepayment to Spirit stockholders as part of their merger agreement.
The announcement of an additional prepayment to Spirit stockholders is a continuation of the merger process between JetBlue and Spirit. This is a planned action and is unlikely to have a significant short-term impact on JetBlue's stock price, as it was expected by the market.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Spirit Airlines stockholders are set to receive an additional $0.10 per share prepayment from JetBlue on November 30, 2023.
Spirit stockholders are directly benefiting from the additional prepayment, which could be seen as a positive signal and may have a slight positive short-term impact on Spirit's stock price. However, since this prepayment was likely anticipated as part of the merger agreement, the impact may be muted.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90