Spirit Airlines Board of Directors to Review Unsolicited Tender Offer from JetBlue
Source: Spirit Airlines Stockholders advised not to take action at this time Spirit Airlines, Inc. ("Spirit" or the "Company") confirmed that JetBlue Airways ("JetBlue") (NASDAQ: JBLU) has commenced an unsolicited tender offer to acquire all outstanding shares of Spirit's common stock for $30 per share in cash and a proxy solicitation opposing Spirit's merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc. Consistent with its fiduciary duties and applicable law, and in consultation with outside financial and legal advisors, the Spirit Board of Directors (the "Board") will carefully review JetBlue's tender offer to determine the course of action that it believes is in the best interests of Spirit and its stockholders. Spirit stockholders [...]