A merger of Spirit Airlines Inc. (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC) was set for a smooth take-off until JetBlue Airways Corp. (NASDAQ: JBLU) announced earlier this year its own bid to purchase Spirit.
Since then, the back-and-forth between shareholders has delayed the budget airline deal at least three times.
What Happened: Shareholders were set to vote on Friday, July 8, for the third time on a possible merger between Spirit and Frontier. But it was delayed at the last minute to allow both parties to continue negotiations.
See Also: Spirit Airlines Postpones Vote On Frontier Merger
The announcement …
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