JetBlue – Spirit Trial Completes Third Week – Merger Arbitrage Mondays – InsideArbitrage

Spirit Airlines shares surged more than 19% at the conclusion of the third week of the DOJ trial seeking to prevent the sale of the company to JetBlue Airways.
Timber Pharmaceuticals filed for Chapter 11 bankruptcy protection following the termination of the merger agreement by LEO Pharma due to insufficient stockholder votes.