Steve Segal Quoted in Reuters

JetBlue casts doubt on its merger deal with Spirit Airlines

By: Rajesh Kumar Singh and Shivansh Tiwary

January 26, 2024

“JetBlue’s move is aimed at either forcing a termination of the deal or restructuring it at a new purchase price, said Steve Segal, M&A attorney at business law firm Buchalter.

Segal said mounting concerns about Spirit’s finances and its future might be deemed to constitute a “material adverse effect,” offering JetBlue a legal argument to call off the deal without triggering the July extension.”

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