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.