Frontier Airlines Sweetens Offer for Spirit Merger as Shareholder Vote Looms

📆 25-06-2022 17:04:00
📰 nbcsandiego

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Frontier Airlines has sweetened its offer to combine with fellow budget carrier Spirit, less than a week before Spirit shareholders are set to vote on the deal.

"We will more thoroughly review and assess the revised terms of the Frontier-Spirit merger agreement, and we intend to continue our 'vote no' campaign against the inferior Frontier transaction at the special meeting," JetBlue said in a statement Friday.

The new offer, which was announced late Friday, also increases a proposed reverse break-up fee by $100 million to $350 million, in the event the deal doesn't get approved by regulators. That matches the reverse break-up fee JetBlue has offered. Frontier's new offer includes a pre-payable amount of $2.22 to Spirit shareholders.

Christie said the board still had regulatory concerns about JetBlue's Northeast Alliance with American Airlines, which allows the carriers to coordinate on flights and book passengers on each other's planes. The Department of Justice last year sued to undo that partnership.

टिप्पणी लिखें

SWFTC

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Spirit renews support for Frontier merger after it boosts offerSpirit Airlines Inc said on Friday it has renewed its support for a merger deal after Frontier Group Holdings raised its cash offer by $2 per share to buy its rival ultra-low cost airline, according to a regulatory filing.
स्रोत: Reuters - 🏆 2. / 97 और पढो »