SPIRIT Buyout offer from JETBLUE increased to $33.50/Share

Yahoo Finance

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The increased price of $33.50 per Spirit share represents an improvement of $2.00 per share or 6.3% compared to JetBlue’s June 6 proposal, and a 67.6%1 premium to the implied value of the Frontier transaction as of June 17, 2022.

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Reverse break-up fee: JetBlue would continue to offer a reverse break-up fee of $350 million, or $3.20 per Spirit share2, payable to Spirit in the unlikely event the transaction is not consummated for antitrust reasons.

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Accelerated prepayment of $1.50 per share: JetBlue would prepay $1.50 per share in cash to Spirit stockholders promptly following the Spirit stockholder vote approving the combination between Spirit and JetBlue. As a result, Spirit stockholders would receive total aggregate consideration of $33.50 per share in cash, comprised of $32.00 per share in cash at the closing of the transaction and the prepayment of $1.50 per share in cash.

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If this deal goes through, it's a 45% increase in investment from the current price of $23/share.

I still have a good bit of SAVE that I got in 2020 for $9, but I'm really thinking of buying a good bit more.

Anyone with good info on if this deal is likely to go through or falter?