Spirit Airlines Board of Directors to Review Revised Proposal from JetBlue
Source: Spirit Airlines Spirit Airlines, Inc., today confirmed receipt of a revised proposal from JetBlue Airways ("JetBlue") (Nasdaq: JBLU) to acquire all of the outstanding shares of Spirit's common stock. Consistent with its fiduciary duties, the Spirit Board of Directors will work with its financial and legal advisors to evaluate JetBlue's revised proposal and pursue the course of action it determines to be in the best interests of Spirit and its stockholders. The Board will conduct the evaluation of JetBlue’s revised proposal in accordance with the terms of the Company's merger agreement with Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC) and provide an update to stockholders ahead of the Special Meeting of Spirit Stockholders scheduled for Thursday, June 30, 2022. [...]