Airline merger: Frontier sweetens offer for Spirit Airlines

FILE - A line of Spirit Airlines jets sit on the tarmac at Orlando International Airport on May 20, 2020, in Orlando, Fla. Frontier Airlines on Friday, June 24, 2022, added more cash and a larger breakup fee to its offer to buy Spirit Airlines, and the Spirit board repeated its preference for Frontier over a rival bid by JetBlue Airways.

Spirit said that, given the sweetened terms, its board reiterated its unanimous recommendation that shareholders approve the Frontier offer at a special meeting next Thursday. Frontier's stock-and-cash offer would give Spirit shareholders 48.5% of the new, combined airline — which does not yet have a name. That means investors willing to hold the stock could come out ahead if the shares rise enough in price.

🙄Anyways we have more pressing issues have a good night!

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Frontier Airlines adds cash to sweeten offer for Spirit mergerThe Denver-based airline also raised the amount it would pay Miramar, Florida-based Spirit if antitrust regulators stop the deal.
Fuente: fox7austin - 🏆 594. / 51 Leer más »

Frontier Airlines Sweetens Offer for Spirit Merger as Shareholder Vote LoomsFrontier 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. SWFTC
Fuente: nbcsandiego - 🏆 524. / 51 Leer más »

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.
Fuente: Reuters - 🏆 2. / 97 Leer más »

Frontier Airlines Sweetens Offer for Spirit Merger as Shareholder Vote LoomsFrontier 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. SWFTC
Fuente: nbcsandiego - 🏆 524. / 51 Leer más »