Spirit Airlines Shareholders Urged to Reject Frontier Deal by Proxy-Advisory Firm

Authorized consulting firm Institutional Shareholder Services Inc. recommended on Tuesday that Spirit Airlines Shareholders vote against the proposed merger with Frontier Airlines.

ISS says Spirit investors would be better off rejecting that deal to push the airline’s board to negotiate more seriously with JetBlue Airways offered a competitive, hostile bid that the ISS deemed financially superior.

https://www.wsj.com/articles/spirit-airlines-shareholders-urged-to-reject-frontier-deal-11654019546?mod=pls_whats_news_us_business_f Spirit Airlines Shareholders Urged to Reject Frontier Deal by Proxy-Advisory Firm

Edmund DeMarche

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