Articles tagged “jetblue-spirit merger”

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JetBlue Ups Hostile Offer for Spirit Airlines to $3.4 Billion

JetBlue is raising the ante in its bid for Spirit Airlines in advance of the June 10 shareholders vote on the rival offer from Frontier Airlines. Spirit's board continues to recommend that shareholders vote for the Frontier offer.
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Spirit Airlines Board Blasts JetBlue's Bid as 'Cynical'

This could get ugly. Spirit's board is coming out swinging against JetBlue's unsolicited merger offer and is urging shareholders to vote against it. Meanwhile, JetBlue claims Spirit's board is marred by conflicts of interest and is not looking out for shareholders by pushing the deal with Frontier.