Spirit Airlines Announces Amended Merger Agreement with Frontier, Including Increased Per-Share Cash Consideration and $350 Million Reverse Termination Fee
Following Thorough Process Focused on Value and Certainty, Spirit Board of Directors Reiterates Recommendation that Spirit Stockholders Adopt Merger Agreement with Frontier
Spirit Engaged in Extensive Discussions with JetBlue; Spirit Board of Directors Determined JetBlue's Offer is Not a Superior Proposal
Special Meeting of Spirit Stockholders Scheduled for June 30, 2022 at 9am ET
Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:SAVE) today announced the signing of a second amendment (the "Amended Agreement") to its previously announced merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ:ULCC), parent company of Frontier Airlines, Inc., dated February 5, 2022.
