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AP National Business

Airline merger: Frontier sweetens offer for Spirit Airlines

KION
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Published 3:17 PM

By DAVID KOENIG
AP Airlines Writer

The bidding war over Spirit Airlines is heating up again. On Friday, Frontier Airlines sweetened its offer for the rival discount airline. Frontier is adding $2 in cash to its previous offer of $2.13 in cash and just under two shares of Frontier for each share of Spirit. And Frontier is raising the amount it would pay Spirit if antitrust regulators stop the deal to $350 million, matching JetBlue’s proposed breakup fee. Spirit says its board is sticking with a recommendation that shareholders approve the Frontier bid next week.

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