Spirit Airlines Stock Descends 50% After Judge Blocks JetBlue Merger
[ad_1] A federal judge blocked JetBlue Airways (JBLU) from acquiring rival Spirit Airlines (SAVE) on Tuesday. Spirit Airlines stock crashed on the news while JBLU stock rose modestly. X A U.S. District Judge in Boston sided with the Justice Department, finding that JetBlue’s proposed $3.8 billion acquisition of Spirit Airlines would hamper competition and raise…
