JetBlue upped its offer for Spirit Airlines again Monday. This time, the airline is offering $33.50 in cash per share, up from its prior offer of $31.50.
Spirit Airlines is being squeezed on all sides, by two carriers that want to acquire it, and by regional carriers who have dramatically
JetBlue recently sweetened its offer for Spirit to include a $350 million reverse break-up fee.
Spirit Airlines Inc. SAVE, -4.67% said Tuesday it continues to be bound to its merger agreement with Frontier Group Holdings Inc. ULCC, -7.26% , which it views as a superior proposal to a rival June 6

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Spirit Airlines has postponed its Friday shareholder meeting where it was expected to vote on the proposed merger agreement with Frontier Group Holdings.
Spirit Airlines has postponed its shareholder vote scheduled for Friday to consider its tentative agreement to merge with Frontier Airlines. CNBC's Phil LeBeau joins 'Squawk Box' with the details.
The special meeting has been moved to June 30 so Spirit's board can continue talks with Frontier and JetBlue.
Spirit Airlines is postponing its Friday shareholder meeting until June 30 so it can continue talks with stockholders, Frontier Airlines and JetBlue Airways.
Spirit Airlines Inc said on Wednesday it has postponed to June 30 a shareholder meeting to vote on the proposed merger agreement with Frontier Group Holdings Inc.
Spirit Airlines Inc. SAVE, +2.12% said Wednesdy it is postponing the special shareholder meeting relating to its proposed merger with Frontier Airlines Inc. ULCC, +1.76% to June 30 at 9 a.m. Eastern.
Frontier Airlines and JetBlue Airways are competing to buy Spirit Airlines, but the "higher" offer might not be the best one.
The offer now includes a $350 million breakup fee, $150 million more than the breakup fee JetBlue originally proposed.
Pre-market futures are buoyant, though it's unclear whether these news items are at all responsible.

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