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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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
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