In the announcement, Frontier touted that consumers would save millions by getting more ultra-low fares to more cities.
Spirit Airlines said in April that it received an "unsolicited proposal" from JetBlue to purchase all outstanding shares of Spirit's stock to break up the potential merger. At $33 per share, the offer represented a 50% premium to Spirit’s closing share price on the day before the announcement., the company persisted, offering several revised proposals since then.
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022.on the proposed merger with Frontier twice to continue merger talks between its shareholders and the two competing airlines.
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Spirit, Frontier abandon merger bid, paving way for JetBlue dealThe Frontier offer was worth more than $2.6 billion in cash and stock, far short of JetBlue's all-cash bid of $3.7 billion.
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Spirit, Frontier end merger bid, paving way for JetBlue dealSpirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit.
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