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6/8, 2:35 PM (Source: TeleTrader)
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Spirit delays shareholder decision on Frontier deal

Spirit Airlines, Inc announced on Wednesday that it delayed the scheduled meeting for June 10, 2022, to vote on the proposed buyout by Frontier Group Holdings Inc. The new meeting will be held on June 30, 2022.

According to the press release, the company decided to move the voting to allow the Board of Directors to discuss with Spirit stockholders, Frontier Group Holdings, Inc., and JetBlue Airways Corporation.

Earlier this week, the company said the Board of Directors would "carefully review" the improved offer made by JetBlue to determine the best "course of action" for Spirit and its stockholders.

Baha Breaking News (BBN) / JG