JetBlue Airways Corp.’s deal to purchase Spirit Airlines is a win for Shearman & Sterling, the Big Law firm that has been advising the company in its bid to wrestle Spirit away from competitor Frontier Airlines.
JetBlue and Spirit on Thursday announced the $3.8 billion acquisition deal, which came less than a day after Frontier and Spirit called of their planned tie up. JetBlue muddied the waters for the latter deal in May by launching a hostile takeover bid.
The dueling campaigns have fueled months of work for a half dozen major law firms during a slump in deal ...
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