And yet, by the time she had turned 20 years old, Melissa Joan Hart had already starred in two genre-defining series. It's not often that an actor lands two iconic roles during their career. The companies expect to conclude the regulatory process and close the transaction no later than the first half of 2024."What's the matter? I have to be a witch, I have to be a mortal, I have to be a teenager and I have to be a girl all at the same time. The deal still needs the required regulatory approvals and approval from Spirit’s stockholders. Annual revenue for the combined company is anticipated to be about $11.9 billion, based on 2019 revenues. JetBlue anticipates $600-700 million in annual savings once the transaction is complete. If the deal doesn’t close due to antitrust reasons, JetBlue will pay Spirit a reverse break-up fee of $70 million and stockholders of Spirit a reverse break-up fee of $400 million less any amounts paid to stockholders of Spirit prior to termination. If the transaction is completed before December 2023, the deal will be for $33.50 per share, increasing over time to up to $34.15 per share, in the event the transaction closes at the outside date in July 2024. There’s also a ticking fee of 10 cents per month starting in January 2023 through closing.
JetBlue said Thursday that it would pay $33.50 per share in cash for Spirit, including a prepayment of $2.50 per share in cash payable once Spirit stockholders approve the transaction. The airlines will continue to operate independently until after the transaction closes. The combined airline, which will be based in New York and led by Hayes, would have a fleet of 458 aircraft.
“This combination is an exciting opportunity to diversify and expand our network, add jobs and new possibilities for crewmembers, and expand our platform for profitable growth.” JetBlue CEO Robin Hayes said in a statement.
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