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Spirit Airlines plans June vote on Frontier’s merger offer

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: Money and Business

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The Associated Press


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