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Spirit, JetBlue agree to $3.8B acquisition after Frontier fallout

July 29, 2022

Spirit Airlines Inc. leadership has agreed to a $3.8 billion acquisition from JetBlue Airways Corp. less than 24 hours after shareholders of the Miramar, Florida-based company rejected a merger with Frontier Airlines. Pending shareholder and regulatory approval, the all-cash deal adds up to between $33.50 and $34.50 a share, depending on when it closes.

Article Source: Baltimore Business Journal

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