JetBlue Airways Deal with Carl Icahn: Stocks Soar

Mark Eisenberg
Photo: Finoracle.net

JetBlue Airways Reaches Deal with Activist Investor Carl Icahn

JetBlue Airways has reached a deal with renowned activist investor Carl Icahn, which includes the appointment of two independent directors. This agreement successfully avoids a potential proxy fight between Icahn and JetBlue. As a result of the news, the airline's shares experienced a 3.7% after-hours increase, reaching $7.22.

Bowman Consulting Group's Preliminary Results Fall Short of Expectations

Bowman Consulting Group, an engineering services firm, announced that its preliminary results indicate net service billings and adjusted Ebitda to be lower than previously anticipated. The company attributes this setback to a larger-than-expected seasonal impact on utilization in December. As a consequence, shares plunged 8.8% after-hours, settling at $33.

Tupperware Brands Enters Forbearance Agreement as Strategic Alternatives are Considered

Tupperware Brands made it known on Friday that it has entered into a forbearance agreement with lenders as it explores potential strategic alternatives. Under this agreement, Tupperware's liquidity requirement has been reduced from $15 million to $10 million, providing the company with greater flexibility. Following the announcement, shares declined by 4.9% after-hours, reaching $1.36.

Analyst comment

JetBlue Airways: Positive news. The deal with Carl Icahn avoids a proxy fight and increases shareholder confidence. Expect JetBlue shares to continue rising.

Bowman Consulting Group: Negative news. Lower-than-expected billings and Ebitda due to seasonal impact. Anticipate a decline in Bowman shares.

Tupperware Brands: Negative news. Seek strategic alternatives with a reduced liquidity requirement. Expects Tupperware shares to decline further.

Share This Article
Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤