Spirit Airlines, the target of a budget airline bidding war, is postponing a Friday shareholder vote on whether to accept one of those buyout offers after a flurry of counter-proposals from Frontier Airlines and JetBlue. The decision to postpone a vote comes two days after JetBlue improved its offer. Spirit said Wednesday that has rescheduled…

JetBlue has raised its buying price to acquire Spirit Airlines, making several amendments to its tender offer to Spirit investors to acquire the smaller airline just days before investors vote on whether to approve a competing buyout offer from Frontier Airlines. On Monday, JetBlue sweetened the deal in its pitch to shareholders by raising its…

JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines. JetBlue hopes that its move will push Spirit’s board to the negotiating table after the board rejected an earlier offer. Spirit said that it will “carefully review” JetBlue’s tender…

Spirit Airlines Incorporated on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation to buy the company’s outstanding shares for $33 apiece. The unsolicited proposal from JetBlue amounts to a $3.6 billion price tag for the airline company. The announcement comes about two months after Frontier Group Holdings Inc., the parent company of Frontier…

WASHINGTON—JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for Spirit Airlines, potentially snarling merger plans between the ultra-low-cost carrier and Frontier Group Holdings. JetBlue Chief Executive Officer Robin Hayes said the deal would make the New York-based airline a stronger competitor to the so-called four legacy U.S. airlines that control nearly 80…

Two budget airlines planning to merge together in a multi-billion dollar deal, it would make them the fifth largest airline in the U.S. How would it impact travelers? Streaming platform Spotify saying it’s not going to silence top podcaster Joe Rogan, after controversies over some of his episodes. Meanwhile another platform makes a big offer to…