Spirit Airlines postpones vote on Frontier merger a third time

JetBlue is offering Spirit shareholders $33.50 in cash, or $3.6 billion. Frontier's bid is mostly stock and only $4.13 per share in cash. A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport.There have been concerns that a deal with JetBlue would raise issues with antitrust regulators and would block a deal.

JetBlue says it can win antitrust approval, and that Spirit shareholders who believe airline shares will rise can plow the cash they get from JetBlue back into airline stocks.

Sell Twitter! Joe Biden took showers with daughter Ashley!

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