Published 10 days ago • loading... • Updated 8 days ago

Spirit Airlines rejects Frontier Group's revised acquisition offer

Spirit Airlines has rejected a third takeover bid from Frontier, focusing on its own bankruptcy plan and financial stability.
Frontier's latest offer included $400 million in debt and a 19% stake in Frontier Group Holdings Inc., which Spirit rejected.
Spirit Airlines filed for bankruptcy protection in November 2022, having lost over $2.5 billion since 2020 and facing significant debt payments.
Frontier stated that merging with Spirit would have created more value than Spirit's standalone plan.

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retailwire.com

Spirit Airlines Rejects Frontier Airlines' Revised Acquisition Offer, Focuses on Bankruptcy - RetailWire

Spirit Airlines isn't interested in Frontier Airlines' proposed acquisition.

8 days ago

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The Business Journals

Spirit rejects another buyout bid from Frontier Airlines

The two low-cost carriers have exchanged offers and rejections as Frontier Airlines tries to land a deal acquiring bankrupt rival Spirit.

9 days ago·United States

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Reuters

Spirit Airlines rejects Frontier Group's revised acquisition offer

Spirit Airlines on Tuesday rejected Frontier Group's revised acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ongoing reorganization plan.

9 days ago·United Kingdom

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The Epoch Times

Spirit Airlines Rejects Frontier’s Newest Takeover Bid

Spirit Airlines rejected Frontier Airlines’ latest takeover bid on Feb. 11, instead deciding to restructure after filing for Chapter 11 bankruptcy last year. The Florida-based company said Frontier’s offer, worth $2.6 billion, was less beneficial to Spirit shareholders than its ongoing reorganization plan. After Spirit rejected an offer in late January, Frontier submitted a new proposal on Feb. 4, promising Spirit shareholders $400 million in de…

10 days ago·New York, United States

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The Hill

Spirit Airlines again rejects Frontier takeover bid

Spirit Airlines again rejected Frontier Airlines’s latest takeover bid, opting to instead focus on its restructuring process to bolster financial stability. Spirit, an ultra-low-cost airline, shut down Frontier’s $2.16 billion acquisition offer Tuesday. Frontier’s proposal was the same offer it put forward earlier in February in which Spirit’s stakeholders would get $400 million in debt…

10 days ago·Washington, United States

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VINnews

Spirit Airlines Rejects Takeover Bid From Rival Frontier, Again

NEW YORK – Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy and stabilize its finances. Join our WhatsApp group Subscribe to our Daily Roundup Email The offer this week, like the last bid, offers Spirit shareholders $400 […]

10 days ago

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