JetBlue is offering $30 a share and said its earlier offer of $33 a share is still on the table if Spirit management negotiates.
Spirit Airlines Inc will hold a shareholder meeting on June 10 for a vote on its proposed merger with Frontier Group Holdings Inc, according to a regulatory filing on Wednesday.
In February, Spirit and Frontier announced plans to merge in what would create a massive discount airline, the fifth-largest carrier in the U.S.
Spirit Airlines said it will stick with its deal to be purchased by Frontier Airlines, rejecting a more lucrative competing offer from JetBlue Airways.
Yahoo Finance anchor Brian Sozzi and Julie Hyman report that Spirit Airlines is sticking with the planned Frontier deal after rejecting a competing offer from JetBlue.
Under JetBlue's proposal, Spirit shareholders would be offered $33 per share in cash per common share, a 47% premium to the value of Frontier's transaction as of April 29 and a 52% premium to Spirit's
Spirt Airlines reiterated Monday its support for a merger with Frontier Airlines, saying it concluded a competing offer from JetBlue Airways involved excessive regulatory risk.
Spirit's deal with Frontier is expected to close in the second half of 2022.
Spirit Airlines Inc.'s board SAVE, -3.36% on Monday reiterated its support for its proposed merger with Frontier Group Holdings Inc. ULCC, -0.09% and said it has unanimously determined that a competin
Frontier Group Holdings, Inc. (NASDAQ:ULCC ) Q1 2022 Earnings Conference Call April 28, 2022 4:30 PM ET Company Participants David Erdman - Senior Director-Investor Relations Barry Biffle - President
Frontier Group (ULCC) delivered earnings and revenue surprises of -35.14% and 3.03%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Frontier Group (ULCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JetBlue Airways and Frontier Group are in a tug of war for low-cost carrier Spirit Airlines, as U.S. airlines jostle for a larger share of the rebounding leisure travel market to better compete with l
Yahoo Finance Live's Brian Sozzi discusses the fight for Spirit Airlines considering JetBlue's takeover offer against Frontier.
Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss Spirit Airlines entertaining JetBlue's takeover offer despite receiving a competing bid from Frontier.
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