Spirit Airlines has postponed a shareholder vote on its merger with Frontier. The vote was originally supposed to take place on June 10th. JetBlue’s offer of $3.6 billion for Spirit was rejected by Spirit’s board. Once again postponing a shareholder vote on its merger with Frontier Airlines, Spirit Airlines is giving rival bidder JetBlue Airways, … Read more
Spirit Airlines postpones shareholder vote on proposed merger with Frontier. Vote was originally set for June 10 but was postponed for the same reasons. Both airlines increased their offers in the build up to the vote. In order to further discuss options with Frontier Airlines and competing bidder JetBlue Airways, Spirit Airlines postponed the shareholder … Read more
Spirit Airlines board renews support for a merger deal with Frontier Group Holdings (ULCC.O). JetBlue Airways said it will “more thoroughly” review the revised terms of Frontier’s proposal. The carriers have been involved in a tussle to create the fifth-largest U.S. airline. Spirit Airlines Inc (SAVE.N) said on Friday it has reestablished its help for … Read more
JetBlue Airways sweetens its takeover offer for Spirit Airlines. The move is the latest salvo in a tussle to create the fifth-largest U.S. airline. JetBlue’s bid represents a 68% premium to Frontier’s cash and stock offer. Spirit rebuffed an initial $33 a share buyout proposal from JetBlue in April. The Justice Department filed an antitrust … Read more
JetBlue CEO says he is “optimistic” he can reach a deal to acquire Spirit Airlines. Florida-based ultra-low-cost carrier Spirit is the subject of a bidding war between JetBlue and Frontier. Spirit has repeatedly rejected JetBlue’s offer. JetBlue Airways Corp (JBLU.O) Chief Executive Robin Hayes said Friday he is “hopeful” he can arrive at an arrangement … Read more
Spirit Airlines Inc (SAVE.N) said on Wednesday it had delayed an investor vote on its deal to Frontier Group Holdings Inc until June 30. JetBlue Airways Corp (JBLU.O) improved an opponent proposal for the financial plan transporter. Spirit evaluated it needed more investor support for the arrangement. Spirit repeated on Wednesday that it had not … Read more
Frontier will pay $250 million if regulators don’t approve the planned combination of the two discount carriers. The fee is aimed at convincing investors to approve the deal next week. Spirit’s board rejected JetBlue’s advances to buy Spirit outright; JetBlue has urged Spirit shareholders to vote against the deal. Soul said an arrangement with JetBlue … Read more
