This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI5Q0WQ_L.jpg
“We’re really excited about it and getting good feedback,” Biffle told Reuters in an interview.
Frontier has been vying with JetBlue Airways (NASDAQ:JBLU) Corp to acquire Spirit. Either of the deals would create the fifth-largest U.S. airline.
Denver-based Frontier last week bumped up the cash component of its offer for Spirit by $2 per share to $4.13 per share and agreed to prepay $2.22 per share as a cash dividend to Spirit stockholders following approval of the transaction. It also increased its reverse termination fee to Spirit by $100 million to $350 million.
