Spirit Airlines’ bidding war heats up, and JetBlue sweetens its offer
Spirit Airlines shareholders are due to vote this week on a merger agreement with Frontier Group Holdings Inc (ULCC.O). JetBlue increased its reverse break-up fee by $150 million to $350 million, payable to Spirit shareholders in case the deal falls through due to antitrust reasons. JetBlue Airways Corp (JBLU.O) on Monday worked on its proposal … Read more