Spirit Airlines to start talks with JetBlue on its $3.6 billion bid
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Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a "superior proposal" to the one from Frontier Group Holdings.
JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25 per share cash-and-stock bid from Frontier made in February.
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"We look forward to engaging with the Spirit Board to finalize our combination, to create a national low-fare challenger to the four large dominant U.S. carriers that will result in lower fares and better service for customers," JetBlue Chief Executive Robin Hayes said.