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https://i-invdn-com.investing.com/trkd-images/LYNXMPEI6A0H5_L.jpg“We still remain very far from obtaining approval from Spirit stockholders based on the proxy data we received as of July 8,” Frontier said in a letter dated Sunday.
The request, if accepted, will delay the vote for the fourth time amid the months-long bidding war between JetBlue Airways (NASDAQ:JBLU) Corp and Frontier for the budget carrier.
Last week, Florida-based Spirit postponed the special meeting to July 15 so its board can continue talks with both the suitors.
Spirit had signed a cash-and-stock deal with rival Frontier in February to form a new no-frills airline and compete against big national carriers, but JetBlue Airways Corp gatecrashed the agreement in April.
Since then, JetBlue and Frontier have waged a bidding war. JetBlue’s bid is higher, but Spirit has said U.S. regulators would stop that deal.
Last month, JetBlue included a ticking fee of 10 cents per share in its offer, raising the overall deal value to $34.15 per share.
Frontier’s cash-and-stock offer stood at $24.69 per share as of Friday’s close.
JetBlue declined to comment on Monday.