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Benzinga
Benzinga
Business
Phil Hall

Spirit Airlines Postpones Vote On Frontier Merger Following JetBlue's New Takeover Bid

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.

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