Spirit Airlines: the soap opera continues











Photo credit © Reuters


(Boursier.com) — Spirit Airlinesthe Florida-based American low-cost airline, reportedly postponed the shareholder vote on the sale of the group to Frontier Group Holdings for 2.4 billion dollars, in order to continue the parallel negotiations carried out with JetBlue Airways. At least that’s what sources familiar with the matter told Reuters on Thursday evening. Spirit previously rejected five successive takeover offers from JetBlue, which is now offering $3.7 billion in cash. The shareholder vote on the Frontier deal was postponed three times. The new postponement runs until July 15. On Monday, the New York group JetBlue had therefore softened its offer to $33.5 per Spirit title in cash, $2 better than before. Frontier’s offer amounts to $24.3 per share in cash and shares.


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