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.

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Spirit expanding at Newark Airport amid merger talks with JetBlue, FrontierSpirit Airlines beat out competitors JetBlue and Alaska for 16 peak runway times at Newark Liberty International Airport, according to the Department of Transportation. Newark and Spirit, that’s just like departing the purgatory and stepping into the realms of hell. Lovely.
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Stocks Making the Biggest Moves Premarket: Uber, DoorDash, Spirit, Altria and MoreThese are the stocks posting the largest moves before the bell.
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