Spirit Airlines, Frontier to merge in $2.9 billion deal -Breaking
[ad_1]
© Reuters. FILEPHOTO: Spirit Airlines’ A320-200 sits at an O’Hare Airport gate in Chicago on October 2, 2014, by Jim Young/File Photograph(Reuters) – U.S. low-cost carriers Spirit Airlines Frontier Group Holdings (NYSE: ) and Spirit announced Monday that they had reached a merger agreement. This deal valued Spirit at $2.9 Billion in fully diluted equity.
According to the statement, $6.6 billion is the transaction value after accounting for net debt assumption and operating lease liabilities.
Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is the most risky investment form. Please make sure you are fully aware of all the costs and risks involved.
[ad_2]