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      "text": "This transaction represents a compelling opportunity for Spirit shareholders to receive a cash premium, with regulatory commitments and value certainty",
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      "text": "JetBlue will acquire Spirit for $33.50 per share in cash. Includes a prepayment of $2.50 per share, a ticking fee of $0.10 per share per month, and a potential increase to $34.15 per share.",
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      "text": "$600-700 million in net annual synergies once integration is complete, driven in large part by expanded customer offerings resulting from the greater breadth and depth of the network",
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      "text": "In the unlikely event the transaction is not consummated for antitrust reasons, JetBlue will pay (i) Spirit a reverse break-up fee of $70 million and (ii) shareholders of Spirit a reverse break-up fee of $400 million less any amounts prepaid",
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