{"id":501412,"date":"2022-06-29T09:35:31","date_gmt":"2022-06-29T04:05:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501412"},"modified":"2022-06-29T09:50:44","modified_gmt":"2022-06-29T04:20:44","slug":"spirit-airlines-rejects-jetblue-offer-backs-merger-with-frontier-group","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spirit-airlines-rejects-jetblue-offer-backs-merger-with-frontier-group\/","title":{"rendered":"Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group"},"content":{"rendered":"<p>Spirit Airlines Inc on Tuesday rejected JetBlue Airways Corp&#8217;s sweetened takeover offer and recommended that shareholders vote in favour of a merger with Frontier Group Holdings Inc at a meeting on Thursday.<\/p>\n<p>JetBlue had on Monday included a ticking fee of 10 cents per Spirit share in its offer, raising the deal value to $34.15 per share, representing a 51% premium to Spirit&#8217;s Monday closing price.<\/p>\n<p>&#8220;The latest offer from JetBlue does nothing to address our Board&#8217;s serious concerns that a combination with them would not receive regulatory approval,&#8221; Spirit Chief Executive Ted Christie said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spirit Airlines Inc on Tuesday rejected JetBlue Airways Corp&#8217;s sweetened takeover offer and recommended that shareholders vote in favour of a merger with Frontier Group Holdings Inc at a meeting on Thursday. JetBlue had on Monday included a ticking fee of 10 cents per Spirit share in its offer, raising the deal value to $34.15 per share, representing a 51% premium to Spirit&#8217;s Monday closing price. &#8220;The latest offer from JetBlue does nothing to address our Board&#8217;s serious concerns that a combination with them would not receive regulatory approval,&#8221; Spirit Chief Executive Ted Christie said in a statement.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-501412","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=501412"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501412\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}