Spirit Airlines plans June vote on Frontier’s merger offer

Published May 11, 2022 3:03 PM

By The Associated Press

Spirit Airlines shareholders will vote next month on whether to accept a buyout offer from Frontier Airlines. Spirit said in a regulatory filing Wednesday that the vote will take place June 10. Shareholders will be voting, in effect, whether to take Frontier’s bid and reject a higher offer from JetBlue Airways. JetBlue is offering $3.6 billion compared to $2.9 billion from Frontier. But Spirit Airlines directors favor the Frontier offer because they worry that antitrust regulators would block a sale to JetBlue.

Article Topic Follows: AP National Business

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