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Airline assessed that it would not have enough votes in favor of Frontier’s deal

Spirit delays shareholder vote on Frontier deal after JetBlue sweetened buyout bid

Shareholder voting date postponed to June 30 from June 10

By Arghyadeep Dutta
Published - Jun 08, 2022, 02:16 PM ET
Last Updated - Mar 01, 2024, 12:38 PM EST

• Shareholder voting date postponed to June 30 from June 10

• Airline assessed that it would not have enough votes in favor of Frontier’s deal

Spirit Airlines Inc (NYSE: SAVE) on Wednesday said it had postponed the crucial shareholder vote on its sale to Frontier Group Holdings Inc (NASDAQ: ULCC) from June 10 to June 30 after JetBlue Airways Corp (NASDAQ: JBLU) sweetened a competing offer for the budget carrier.

The airline assessed that it did not have enough votes in favor of the deal with Frontier, Reuters reported citing people familiar with the matter.

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