Spirit snubs JetBlue's $3.6B takeover bid, prefers Frontier
May 02, 2022 at 10:07 AM EDT
Under JetBlue's proposal, Spirit shareholders would be offered $33 per share in cash per common share, a 47% premium to the value of Frontier's transaction as of April 29 and a 52% premium to Spirit's stock price as a Feb. 4.
