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Frontier Airlines added a $250 million reverse termination fee to its proposed bid for Spirit Airlines, part of an effort to fend off a hostile takeover effort by JetBlue Airways ahead of a crucial vote by Spirit’s shareholders. The reverse breakup fee means Frontier will owe Spirit’s stockholders...
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Frontier Enhances Spirit Merger Bid With $250M Breakup Fee is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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