eolesen
Veteran
- Jul 23, 2003
- 15,938
- 9,366
Both the WSJ and Bloomberg are reporting that the DOJ is going to file antitrust lawsuit potentially blocking the Jetblue-Spirit merger.
www.forbes.com
What that usually means is DOT wants concessions greater than what the parties have offered up in private negotiations.
The same thing happened with US Air and American, so it's not a dead deal by any means.
![www.forbes.com](/proxy.php?image=https%3A%2F%2Fimageio.forbes.com%2Fspecials-images%2Fimageserve%2F64063493088f3acc2f8619bd%2F0x0.jpg%3Fformat%3Djpg%26crop%3D3000%2C1686%2Cx0%2Cy132%2Csafe%26width%3D1200&hash=da538d5fc4ef2b5e4faacc16cd468630&return_error=1)
JetBlue CEO Says Feds Will Sue Airline Over Its $3.8 Billion Merger With Spirit This Week
Spirit shares slipped as much as 8% while JetBlue jumped 2% as investors reacted to the latest drama surrounding the discount airline.
![www.forbes.com](/proxy.php?image=https%3A%2F%2Fi.forbesimg.com%2F48X48-F.png&hash=d9080ef23aaceb9567328f623700c22f&return_error=1)
What that usually means is DOT wants concessions greater than what the parties have offered up in private negotiations.
The same thing happened with US Air and American, so it's not a dead deal by any means.