Frontier Airlines will pay Spirit Airlines Inc. a $250 million breakup fee if regulators block a merger between the two carriers, under a new agreement by the companies Thursday.
NEW YORK (Reuters) -Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thurs
Frontier Airlines' parent company said it would pay a $250 million reverse breakup fee to Spirit Airlines if regulators don't approve the planned merger.
Proposed acquisition of Spirit Airlines by both Frontier and JetBlue will face scrutiny from the Department of Justice. Antitrust expert Glenn Pomerantz thinks that either deal has a good likelihood f
The proxy firm, however, doesn't directly recommend Spirit shareholders to accept JetBlue's sweetened offer.
Today, investors in SAVE stock appear to be cheering news that a proxy firm has suggested voting down Frontier Group's takeout offer. The post Why Is Spirit Airlines (SAVE) Stock Climbing Today?
Shares of Spirit Airlines Inc. SAVE, +2.05% rallied 2.4% in midday trading while JetBlue Airways Corp. JBLU, -0.18% was little changed, after after independent proxy advisor Institutional Shareholder
Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines to vote against a proposed merger with Frontier Group Holdings.

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Spirit Airlines Chief Executive Ted Christie said on Monday it is unlikely that the company's shareholders would vote against its proposed merger with Frontier Group Holdings Inc.
JetBlue is not giving up its interest in buying the airline.
Pilots at Spirit Airlines haven't taken a position on the carrier's merger future, but they don't like what they have seen about the carrier's plan for their futures.
The shares of Spirit Airlines Incorporated (NYSE:SAVE) are down 2% at $19.04 this morning, following news that the budget airline's board unanimously called for the company to reject JetBlue Airlines'
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