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After hot bidding war JetBlue agrees to buy Spirit for $3.8B

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After Hot Bidding War Jetblue Agrees To Buy Spirit For $3.8B


JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators.

The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines fell apart.

Spirit CEO Ted Christie was thrust into the awkward position of defending a sale to JetBlue after arguing vehemently against the deal, saying that antitrust regulators would never let it happen.

“A lots been said over the last few months obviously, always with our stakeholders in mind,” Christie said on CNBC. “We have been listening to the folks at JetBlue, and they have a lot of good thoughts on their plans for that.”

JetBlue CEO Robin Hayes has argued all along that a larger JetBlue would create more competition for the four airlines that control about 80% of the U.S. market — American, United, Delta and Southwest.

Shares of Spirit, based in Miramar, Florida, rose 4% in trading before Thursday’s opening bell, to $25.28, still below the price that JetBlue is offering. JetBlue shares gained about 1%.

JetBlue and Spirit will continue to operate independently until the agreement is approved by regulators and Spirit shareholders, with their separate loyalty programs and customer accounts.

The companies said they expect to conclude the regulatory process and close the transaction no later than the first half of 2024. If that happens, the combined airline would be based in JetBlue’s hometown of New York and led by Hayes. It would have a fleet of 458 planes.

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. There is also a ticking fee of 10 cents per share each month starting in January 2023 through closing to compensate Spirit shareholders for any delay in winning regulatory approval.

If the deal doesn’t close due to antitrust reasons, JetBlue will pay Spirit a reverse break-up fee of $70 million and pay Spirit shareholders $400 million, minus any amounts paid to the shareholders prior to termination.

Spirit and Frontier announced their plan to merge in February, and Spirit’s board stood by that deal even after JetBlue made a higher-priced offer in April. However, Spirit’s board could never convince the airline’s shareholders to go along. A vote on the merger was postponed four times, then cut short Wednesday when Spirit and Frontier announced they were terminating their agreement, which made a Spirit-JetBlue coupling inevitable.

JetBlue anticipates $600 million to $700 million in annual savings once the transaction is complete. Annual revenue for the combined company is anticipated to be about $11.9 billion, based on 2019 revenues.



Jason Momoa denounces one of his films as a “big pile of shit”

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Jason Momoa Denounces One Of His Films As A

Jason Momoa don’t hold back.

The Aquaman and the Lost Kingdom The 43-year-old actor shared that there is one movie that he says was ruined for him.

“I’ve been a part of a lot of really shitty things and movies where it’s not up to you,” he said. British GQ August 8. “Conan [the Barbarian] was one of them. It’s one of the best experiences I’ve had and [was] taken over and turned into a big pile of shit.”

Although Jason did not explain why the Marcus NispelThe directed film is not one of his favorites, the film – which currently holds a 25% approval rating on Rotten Tomatoes – did not receive good reviews after its release in 2011.

At the time, renowned film critic Roger Ebert gave Conan the Barbarian a star and a half and called the film a “brutal, crude and mindless high-tech CGI trickery”, while the reviewer Derek Malcolm of the London Evening Standard said, “It’s like an expensive B-movie that makes a lot of noise but means absolutely nothing.”


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Washington State problems read the flag on potential lightning, dry conditions can spark fires

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Washington State Problems Read The Flag On Potential Lightning, Dry Conditions Can Spark Fires

NEWYou can now listen to Fox News articles!

A red flag warning was issued Wednesday for parts of western Washington due to the threat of thunderstorms in dry conditions.

The warning issued by the National Weather Service is in effect from 2 a.m. to 11 p.m. Wednesday, KING5 reported.

Affected areas include the eastern sides of Snohomish, Skagit and Whatcom counties, as well as areas near the coast on the Olympic Peninsula from Hoquiam north to Neah Bay. The National Weather Service warns that lightning in dry areas can quickly cause fires.


A red flag was raised in parts of western Washington due to lightning.


“Thunderstorms can also cause sharp and sudden wind changes on existing fires, causing rapid changes in the rate of spread and direction of spread of a fire,” the weather service warns. “Outgoing winds from a thunderstorm can pose a threat for several hours after a new lightning-caused fire starts.”

Thunderstorm activity “will generally resume in the early afternoon,” weather officials said. However, the activity is possible in the morning.


There are currently no major fires in western Washington. Three larger wildfires are burning east of the Cascades, including the Cow Canyon, Vantage Highway and Williams Lake fires.


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Little League Baseball player’s heartwarming display of sportsmanship goes viral

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Little League Baseball Player'S Heartwarming Display Of Sportsmanship Goes Viral

Little League Baseball player’s heartwarming display of sportsmanship goes viral

A Little League batter’s touching gesture went viral after he hugged and consoled a pitcher who was upset when his wayward pitch hit an opposing team player in the head.

ABC News

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AUDUSD is testing its 100-day MA/key swing zone. Will sellers bend over?

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Audusd Is Testing Its 100-Day Ma/Key Swing Zone. Will Sellers Bend Over?

AUDUSD tests its 100-day moving average

Looking at the daily chart, the price is rising to test its 100-day moving average currently down at 0.70895. The high price just reached 0.70866 just below this level. The price is currently trading at 0.7082.

Near this area is also a swing zone between 0.7068 and 0.7094. Moving above all of these levels would increase the bullish bias and prompt traders to look to the 200-day moving average at 0.71522 as the next key target on the daily chart.

On the downside, the pair also broke above the 38.2% retracement of the downward move from the April high to the July low today. This level sits at 0.70552 and represents nearby support on a downside. Move below and there might be some disappointment in the inability to crack above the upper targets and stay above the broken 38.2% retracement level.


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10 Thoughts From Dolphin Camp – The depth chart is telling; Roquan Smith on the market; Patriots offense in trouble; Did Robert Kraft ask for a tampering penalty? – Denver Post

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10 Thoughts From Dolphin Camp - The Depth Chart Is Telling; Roquan Smith On The Market; Patriots Offense In Trouble; Did Robert Kraft Ask For A Tampering Penalty? – Denver Post

Here are 10 observations from the first two weeks of Miami Dolphins training camp:

1. Linebackers were the most interesting unit of the first depth map of the Dolphins. Melvin Ingram is listed as an outside starter on Andrew Van Ginkel. It does not matter because both will play. The point here is that they like Ingram just as much, although the more important point is whether the August Ingram will be the same as the December and January Ingram. He is 33 years old and has a history of injuries. He’s had stoppages at two top-tier franchises, Pittsburgh and Kansas City, the past two seasons and hasn’t stuck. But if the Dolphins are closing in on the Chargers’ Melvin Ingram, they’ve found someone valuable. It could be one of those uncertain signings that become important in retrospect. We’re still in the message-sending part of an NFL, so we don’t know if the message from the Dolphins is that they love Ingram that much or want to push Van Ginkel. Maybe both?

2. Roquan Smith asks the Chicago Bears to trade him, and every team in the league will eject the tires of a deal for the 2018 No. 1 draft pick. He’s 25, a versatile linebacker and second-team All-Pro last year. These kind of players don’t come on the market very often. They are expensive too. The Dolphins face the ceiling next year, but that stuff can be turned into work. Compensation? This is where it gets complicated. The Dolphins sent a lot of picks for Tyreek Hill and lost a future first and third round to their tampering penalty. They could use a hard-hitting linebacker like this – who couldn’t? But gathering enough resources for a trade of this magnitude would be problematic.

3. A follow-up on the Dolphins penalty for recruiting Tom Brady at the time from New England and Sean Payton from New Orleans:

A. Did New England owner Robert Kraft push the NFL to penalize the Dolphins, as a league source suggests? It’s unclear how much of an influence his voice had on the proceedings, but you can understand Kraft’s anger upon realizing Dolphins-in-waiting owner Bruce Beale signed Brady in his senior year from the Patriots in 2019. Still, for a tampering of historic significance, according to the NFL commissioner, being penalized with a 2023 first-round pick and a 2024 third-round pick isn’t a staggering penalty. Why wasn’t it more? Maybe because every team falsifies. The league has had to deal with a flood of cases. Of course, no team has done it as brazenly as the Dolphins in this case. That’s the problem here – they don’t know how to populate or alter accepted parameters.

B. The league source also offered what he says is a ‘league-wide belief’: ‘The fact that Don Yee was Brady’s agent and Payton says he told their story on tampering provided they don’t suffer any penalty or even rebuke from the league. That’s the other half of this story. How do you handle if a contracted player argues with a team? Is it allowed? obviously it does.

4. One month after the 9/11 opening at Hard Rock Stadium, let’s take a look at what the New England offense looks like with Matt Patricia and Joe Judge in some undefined roles to lead it. Take this from longtime Patriots reporter Greg Bedard:

“Hands down the worst attacking start in camp,” he tweeted from Monday’s practice before listing the plays: “False start 77, Stuff Incomplete, Stuff at handoff, Sack Flat 1yd would have been blown if live, Incomplete, Sack on a waggle 1 yard pass blasted by Wilson, Stuff 5 yard flat for Meyers.

And ESPN’s Mike Reiss: “A thought after watching the Patriots offense look effective at 7-on-7 but notably struggle in several 11-on-11s: It might be time to give (legendary Patriots offensive line coach ) Dante Scarnecchia a call for an independent assessment.

Here’s the counter-read to this: The Patriots’ defense has to be great?

5. If the dolphins even get something substantial in a trade for Preston Williams, managing director Chris Grier is the first manager of the year. Is there really a market for a player who went undrafted, played in half the games in three years due to injury, and had a catch for seven yards in 2021? The Dolphins made him compete for a job for the first time since his rookie training camp. The results speak. So, yeah, listing him as a second team is either to bolster his (cough) business value or…

6. It’s a statement of how thin this Dolphins receiving body is. Remember when general manager Jeff Ireland said on HBO Hard Knocks that he had “four, five and six” in his receiving squad but needed to find “ones, twos and threes?” This is the reverse problem. Tyreek Hill and Jaylen Waddle are the No. 1 receivers. Cedric Wilson is No. 3, and it looks like rookie Eric Ezukanma is No. 4 in training camp. Undrafted rookie Braylon Sanders looks like a player you want to develop into the practice squad. But then? What about Lynn Bowden Jr., River Cracraft and Trent Sherfield? A team usually has a wide receiver on special teams and that could be Cracraft. Let’s also remember that there haven’t been any hits on the receivers yet, so this is a position that may be overemphasized in summer practices.

7. High-end talent and good camp work of this list is obvious and commendable. The depth of this roster is the concern – just as it is with many teams now. The healthiest team often wins. It’s not just the offensive line and receivers where the Dolphins need to look for help. Look at the cornerback. Xavien Howard and Byron Jones are as good a unit as any team. Nik Needham is a solid third cornerback. But after that? Noah Igbinoghene is listed as the fourth cornerback and he was unable to enter the field his first two years. Has he progressed so much? Maybe. The saying in football is that you can never have enough attacking tackles and cornerbacks. The Dolphins need to be on the hunt for cornerbacks, just like many teams are.

8. The three players the Dolphins can’t lose this season: Hill, cornerback Xavien Howard and left tackle Terron Armstead. Hill is the most dynamic player on the team, maybe in the league. Howard is not only a game-changer, but frees up the defense to do a lot of things. Armstead is the anchor on an offensive line. It’s not just their talent, however. Again, it’s depth. Look at the line. There are three questionable players in new positions: center Connor Williams, right tackle Austin Jackson and left guard Liam Eichenberg. Armstead is the sure thing.

9. That said, remember when the Dolphins were constantly juggling players across the offensive line last training camp? Eichenberg started at right tackle, moved to guard, then had time at left tackle. His head must have been spinning. This coaching staff made decisions about where to place players and let players sink or swim in those positions all summer. We’ll see how it goes in combined training with Tampa Bay and preseason. But keeping players in a primary position gives them the best chance of succeeding.

10. Notes:

A. Speaking of the Patriots camp, DeVante Parker is listed as a second-team receiver. That can’t be why they traded him, but Parker was among the worst receivers to be let go in the past three years. His only big year came when Ryan Fitzpatrick threw jump balls at him. He can get them. The question is do you want a one-turn receiver like this.

B. Which team will sign former Cleveland center JC Tretter?

C. Tackle Mekhi Becton suffering from a knee injury that knocked him out last season is just about the worst news the New York Jets could have in August.

D. The fun part of summer is that young players take developmental steps. That’s why hope and optimism are blooming in almost every team right now. Mike McDaniel has done a great job of changing the feeling around this team to one of hope and optimism. But with the combined training in Tampa and the preseason, we’ll start to get a better sense of the milestones some players have gone through.


denverpost sports

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Nitish Kumar didn’t want to become CM in 2020, BJP did it with force: JD(U) National Chairman

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Nitish Kumar Didn'T Want To Become Cm In 2020, Bjp Did It With Force: Jd(U) National Chairman

Nitish Kumar was sworn in as Bihar’s chief minister for the eighth time on Wednesday, while Tejashwi Yadav, leader of Rashtriya Janata Dal and son of Lalu Prasad Yadav, was sworn in as deputy CM.

Patna: Nitish Kumar did not want to become chief minister in 2020, but the BJP forcibly made him the CM, JD(U) National Chairman Rajiv Ranjan Singh claimed on Wednesday.

This came after Nitish Kumar was sworn in as Bihar’s chief minister for the eighth time on Wednesday, while Tejashwi Yadav, leader of the Rashtriya Janata Dal (RJD) and son of Lalu Prasad Yadav, was sworn in in as Deputy CM.

“Nitish Kumar didn’t want to become a CM in 2020 but you (BJP) made him CM by force… RCP Singh came to JDU as an agent of BJP. You (BJP) did not follow the coalition dharma. We are not afraid of Income Tax, CBI and ED,” Rajiv Ranjan said.

After the swearing in, Kumar and Tejashwi greeted each other. RJD leader and now Bihar Deputy Chief Minister Tejashwi also touches the feet of the Kumar asking for blessings.

Notably, after Kumar broke the alliance with the BJP on Tuesday, the party accused him of being a “habitual traitor”.

(With agency contributions)

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