Proxy firm urges Spirit shareholders to vote for JetBlue offer over Frontier
JetBlue Airways Inc’s (NASDAQ: JBLU) competing offer of a $30-a-share all-cash deal is financially superior and meaningfully higher premium than the cash-and-stock deal from Frontier, the report said
By Arghyadeep Dutta
Published - May 31, 2022, 01:40 PM ET
Last Updated - Feb 29, 2024, 08:50 AM EST
• ISS says JetBlue’s offer is superior from financial standpoint
• Both potential deals are expected to face antitrust pushback
Proxy advisory firm Institutional Shareholder Services Inc (ISS) on Tuesday has urged Spirit Airlines Inc’s (NYSE: SAVE) shareholders to vote against the $2.9 billion proposed merger with Frontier Group Holdings (NASDAQ: ULCC).
JetBlue Airways Inc’s (NASDAQ: JBLU) competing offer of a $30-a-share all-cash deal is financially superior and meaningfully higher premium than the cash-and-stock deal from Frontier, the report said.
