Spirit Airlines, Inc.
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SAVE STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF SPIRIT AIRLINES, INC. IS FAIR TO SHAREHOLDERS
July 28, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Spirit Airlines, Inc. (NYSE: SAVE) to JetBlue Airways Corporation is fair to Spirit shareholders. Per the agreement, JetBlue would acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit shareholders’ approval of the transaction and a ticking fee of $0.10 per month starting in January 2023 through closing.
The investigation concerns whether Spirit and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Spirit shareholders; (2) determine whether JetBlue is underpaying for Spirit; and (3) disclose all material information necessary for Spirit shareholders to adequately assess and value the merger consideration. On behalf of Spirit shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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