GGD News stories about mergers and acquisitions.
Spirit Airlines Rejects Second Attempt to Acquire Company
Spirit Airlines has officially rejected a second acquisition bid, reaffirming its commitment to independence despite ongoing turbulence in the airline industry. The decision comes after months of speculation over Spirit’s future, with competing carriers eyeing its budget-friendly business model and valuable market share.
Planet Labs Secures $230M Deal to Build Next-Gen Satellites
Planet Labs, a leader in Earth imaging and satellite technology, has secured a $230 million contract to develop and deploy a new generation of satellites. The deal, announced earlier this week, marks a significant milestone in the company’s mission to provide high-resolution, real-time imaging of our planet.
Apollo Funds Acquires Barnes Group Inc. for $3.6B
Apollo Global Management is making another bold move in the industrial sector, acquiring Barnes Group Inc. for $3.6 billion. The deal, announced this week, positions Apollo to expand its influence in aerospace, manufacturing, and engineered products.