Spirit delays shareholder vote as bidding war heats up
Spirit Airlines has postponed the shareholder vote on the proposed sale to Frontier Group Holdings just two days before it the scheduled date.
The June 10 meeting has been pushed back to June 30.
Spirit said it doesn’t believe there is enough shareholder support for the deal with Frontier amid the rival offer from JetBlue Airways.
Spirit management still publically recommends shareholders accept the Frontier bid.
JetBlue upped its offer this week which included an enhanced $350 million break-up fee and upfront payment.
JetBlue’s offer is worth about $3.4 billion.
However, Spirit does not expect regulators will approve the merger with JetBlue.
The postponement gives Spirit Airlines time to engage with shareholders and continue talks with both suitors, it said.
“We welcome this development as a necessary first step toward genuine negotiation between the Spirit board and JetBlue,” JetBlue CEO Robin Hayes said.
“Spirit shareholders are clearly urging the Spirit board to engage with us constructively.”
A deal with either would create the fifth largest US airline.
Ray Monty
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
In Italy, the Meloni government congratulates itself for its tourism achievements