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The Division of Justice’s trial to dam JetBlue’s (NASDAQ:JBLU) deliberate buy of Spirit Airways (NYSE:SAVE) has been delayed for a second week.
The trial has now been delayed till Oct. 30 after it was initially postponed to Oct. 23 from Oct. 16 attributable to prison trials to be held previous to the beginning of the SAVE/JBLU trial. No motive for the delay was indicated in Friday’s courtroom submitting. The trial is scheduled to final 4 weeks.
The DOJ sued to dam the mix in March. JetBlue (JBLU) is making an attempt to appease the DOJ with a divestiture plan introduced final month, although a current report indicated that the DOJ nonetheless plans to maneuver ahead with its trial to halt the deal.
JetBlue (JBLU) final month stated it would switch all Spirit (SAVE) holdings at Boston and Newark airports to Allegiant Journey Firm (ALGT), in addition to 5 gates and floor amenities at Fort Lauderdale’s airport. In June, JetBlue introduced that it might divest all of SAVE’s holdings at New York’s LaGuardia Airport to Frontier (ULCC).
Extra on Spirit Airways
- Final Replace Earlier than Merger: Spirit Airways Is A Purchase
- Spirit Airways Inventory: A Maintain Amid JetBlue Merger Talks
- Spirit Airways: Thank You JetBlue
- DOJ trial to dam JetBlue’s deliberate Spirit deal delayed per week
- Which sectors can be impacted by a federal authorities shutdown?
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