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LaGuardia Worldwide Airport Terminal A for JetBlue and Spirit Airways in New York.
Leslie Josephs | CNBC
JetBlue Airways once more elevated its provide for Spirit Airways as a shareholder vote for the discounter’s deal to merge with Frontier Airways is simply days away.
Frontier sweetened its provide on Friday and Spirit’s CEO informed CNBC then that Spirit’s board nonetheless discovered that to be a superior bid.
JetBlue’s new provide raises the reverse break-up payment to $400 million from $350 million and features a dividend to Spirit shareholders of $2.50 a share, up from a earlier provide of $1.50.
Spirit shares had been up 5% in afterhours buying and selling on the information, whereas JetBlue’s had been up lower than 1% and Frontier’s had been up 1%. Spirit and Frontier shares fell sharply in common buying and selling.
That is breaking information. Please verify again for updates.
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