Big Law
JetBlue Increases Its Offer For Spirit Airlines
JetBlue Airways again increased its offer for Spirit Airlines with a shareholder vote for the discounter’s deal to merge with Frontier Airlines just days away.
Frontier sweetened its offer on Friday. Spirit CEO Ted Christie told CNBC then that Spirit’s board still found the deal to combine with fellow budget airline Frontier a superior option than going with JetBlue.
Spirit shareholders are set to vote on the Frontier cash-and-stock deal on Thursday; Spirit postponed the vote earlier this month to continue talks with both airlines.
