Spirit Airlines Sticks With Frontier Deal After Sweetened Offer

Frontier Airlines sweetened its offer to buy Spirit Airlines Inc., offering extra cash and a higher breakup fee in the event regulators block the planned merger, as it tries to fend off a competing bid for Spirit.

Spirit said Friday that its board determined that Frontier’s new offer is superior to an all-cash offer from JetBlue Airways Corp., setting the stage for a shareholder vote that has been set for June 30.

Source link : www.wsj.com

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