6/30/2022, 4:59 AM (Source: TeleTrader)
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Spirit delays shareholder vote on merger deal

Spirit Airlines Inc. delayed the vote on a merger proposed by Frontier Group Holdings Inc, that was scheduled for June 30.

The company noted it needs more time to further consider the buyout offer by JetBlue Airways Corp. after the two airlines upped their bids in the week leading up to the vote.

Shares of Spirit added 1.92% to $22.84 in after-hours trade on Thursday.

Baha Breaking News (BBN) / NL