"It’s no surprise that Spirit shareholders are getting more of the same from the Spirit Board," JetBlue said in a response to the Spirit board's recommendation.
"It’s no surprise that Spirit shareholders are getting more of the same from the Spirit Board," JetBlue said in a response to the Spirit board's recommendation. "The Spirit Board, driven by serious conflicts of interest, continues to ignore the best interests of its shareholders by distorting the facts to distract from their flawed process and protect their inferior deal with Frontier.
JetBlue said that Frontier's deal offers "less value, more risk, and no regulatory commitments, despite a similar regulatory profile." "We are confident that as we continue to share the facts directly with Spirit shareholders, they will be even more perplexed than they already are about why the conflicted Spirit Board has refused to negotiate with us in good faith," the company added. "We believe that the Spirit shareholders will make their views known by voting against the Frontier offer and tendering their shares into our offer.
Spirit stockholders will vote on the Frontier merger during the company's shareholder meeting on June 10.
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