A merger of Spirit with either Frontier or JetBlue would create the fifth-largest airline in the United States, which could better compete with the nation’s dominant carriers.
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The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt. Source
Zendesk has had a difficult time over the last several months. It has been hounded by activist investors, Jana Partners. It turned down a $17bn acquisition in February believing it was worth more....
After Frontier raised its offer for Spirit on Friday, the firm ISS reversed its recommendation that shareholders consider a rival bid from JetBlue. Source: Shareholder Advisory Firm Backs...
KKR, Baring Private Equity Asia, Blackstone, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC have submitted initial bids, sources said. Source