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 Airlines shareholders to vote on much-delayed merger with Frontier or JetBlueSpirit Airlines shareholders could pick a preferred buyer for their airline today, when they are scheduled to vote on one of the offers for the budget carrier. If shareholders reject the Frontier bid it would push for an agreement with JetBlue Airways.
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Spirit and Frontier end merger agreement, talks continue with JetBlueFrontier is no longer in talks with Spirit after months of negotiations to try and merge, which now puts the focus squarely on JetBlue Airways and a possible acquisition by Spirit.
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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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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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