In the latest update from the Spirit Airlines (NYSE: SAVE) takeover saga, the low-cost carrier said this week that it would decide whether to merge with JetBlue (NASDAQ: JBLU) or Frontier (NASDAQ: ULCC) before the shareholder meeting that’s scheduled for June 30.
Spirit president and CEO Ted Christie said in a statement that “consistent with its fiduciary duties, Spirit’s Board of Directors is engaging in discussions with JetBlue with respect to the proposal received on June 6, and is also continuing to work with Frontier under the terms of the existing merger agreement between Spirit and Frontier.”
