Spirit Airlines shareholders rejected selling the airline to Frontier. The offer was too low, made abundantly clear by JetBlue offering 40% more whether a Spirit-JetBlue deal could be consummated in
Tag: frontier
Spirit Airlines sent me their release indicating that tomorrow will not be the day that shareholders vote on whether to sell to Frontier Airlines.
Instead the shareholder meeting will be adjourned an
Frontier Airlines increased its offer by $2 per share to acquire Spirit, and the Spirit Airlines board unanimously recommends it over JetBlues more lucrative but regulatorily more risky offer.
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