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Spirit Airlines (SAVE) Announces Amended Merger Agreement with Frontier (ULCC), Increases Cash Consideration to $4.13/sh, Adds $350M Reverse Termination Fee

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Go back to Spirit Airlines (SAVE) Announces Amended Merger Agreement with Frontier (ULCC), Increases Cash Consideration to $4.13/sh, Adds $350M Reverse Termination Fee

Spirit Airlines Announces Amended Merger Agreement with Frontier, Including Increased Per-Share Cash Consideration and $350 Million Reverse Termination Fee

June 24, 2022 5:30 PM EDT

Following Thorough Process Focused on Value and Certainty, Spirit Board of Directors Reiterates Recommendation that Spirit Stockholders Adopt Merger Agreement with Frontier

Spirit Engaged in Extensive Discussions with JetBlue; Spirit Board of Directors Determined JetBlues Offer is Not a Superior Proposal

Special Meeting of Spirit Stockholders Scheduled for June 30, 2022 at 9am ET

MIRAMAR, Fla.--(BUSINESS WIRE)-- Spirit Airlines, Inc. (Spirit or the Company) (NYSE: SAVE) today announced the signing of a second amendment (the Amended Agreement) to its previously announced merger agreement... More