Recently Spirit ended its alliance thing with American https://www.cnbc.com/2023/07/05/jetblue-wont-appeal-ruling-against-american-airlines-partnership.html , which was cited in the Justice Depts press release as part of its rationale for filing a suit to stop the merger https://www.justice.gov/opa/pr/justice-department-sues-block-jetblue-s-proposed-acquisition-spirit. With the American deal done it would seem there's a lot less ammo for the Justice dept to use. I have not seen much analysis on the new development besides this article which really reads neutral at best for the deal, possibly more positive https://www.reuters.com/markets/deals/will-abandoning-american-help-jetblues-spirit-merger-not-by-much-2023-07-06/ . Current SAVE price is ~$19, merger price (set to close June '24) is at $33.50, a ~75% gain. Given the government's recent loss in stopping the Activision merger I just think there's even less of a competitive concern here, but what do I know.
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