
Spirit Airlines Inc. (NYSE:SAVE) has abruptly postponed its Friday stockholder vote on its merger with Frontier Group Holdings (NASDAQ:ULCC) after JetBlue Airways (NASDAQ:JBLU) expanded its unsolicited offer to buy the carrier.
What Happened: Spirit and Frontier announced merger plans in February in a deal valued at $6.6 billion; the combined entity would become the nation’s fifth-largest airline.