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Merger and Acquisition

Business
Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded
Frontier Proposes Another Airline Merger With Spirit: Here's How Spirit Responded Frontier Airlines and Spirit Airlines have discussed a merger yet again, but Spirit rejected the bid in order to pursue a plan to exit bankruptcy on its own. Frontier confirmed the latest merger discussion in a news release on Wednesday, Jan. 29. Spirit also confirmed the talks in a regulatory filing on the same day. The deal first proposed on Tuesday, Jan. 7, offered $400 million in debt and a 19-percent stake in Frontier to Spirit shareholders. Frontier argued the merger would create a stronger low-cost airline while providing more value than Spirit's existing Chapter 11 ba…

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by Chris Spiker
Business
Dolan Family, Longtime News 12 Anchor Sue New Owner Altice Over Layoffs Dolan Family, Longtime News 12 Anchor Sue New Owner Altice Over Layoffs
Dolan Family, Longtime News 12 Anchor Sue New Owner Altice Over Layoffs This story has been updated. A lawsuit and request to permanently enjoin Altice USA from laying off more television workers at News 12 was filed this week. The lawsuit alleges that Altice ignored commitments made during its $17.7 billion acquisition of Cablevision Systems Corp. The merger closed in June 2016. The suit was filed in Delaware by the Dolan Family alleging Altice failed keep promises detailed in a 2016 Merger Agreement and for equitable fraud, among other claims. Plaintiffs in the lawsuit include: Charles Dolan, founder and former CEO of Cablevision; Helen Dolan; James Dolan, …

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by Jon Craig