Spirit Airlines postpones merger meeting until June 30
Spirit, which was due to hold a meeting on its merger with Frontier Friday, has now delayed it until June 30 but says it "remains bound" by the deal.
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Spirit, which was due to hold a meeting on its merger with Frontier Friday, has now delayed it until June 30 but says it "remains bound" by the deal.
JetBlue Airways is sweetening its bid with an extra $150 million to win control of Spirit Airlines in hopes that shareholders will reject a merger with rival Frontier Airlines.
The new proposal, according to JetBlue, is a 51% premium to Frontier’s offer.
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