{"id":19704,"date":"2022-06-30T08:29:44","date_gmt":"2022-06-30T15:29:44","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19704"},"modified":"2022-06-30T08:29:45","modified_gmt":"2022-06-30T15:29:45","slug":"spirit-airlines-has-delayed-shareholder-vote-on-potential-merger","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/spirit-airlines-has-delayed-shareholder-vote-on-potential-merger\/","title":{"rendered":"Spirit Airlines Has Delayed Shareholder Vote on Potential Merger"},"content":{"rendered":"\n
Spirit Airlines (NYSE: SAVE)<\/strong>, announced that it would be delaying its shareholder vote on the potential merger with Frontier Airlines until July 8. The call was made only hours before the meeting was set to take place on Thursday so that it may continue conversations with Frontier as well as rival suitor JetBlue Airways.<\/p>\n\n\n\n This marks the second time that the carrier delays a vote regarding the proposed merger with Frontier. The airline had originally scheduled the vote for June 10 but delayed that for the same reasons.<\/p>\n\n\n\n \u201cSpirit would not have postponed tomorrow\u2019s meeting if they felt they had the votes.\u201d<\/p>Henry Harteveldt, a travel industry consultant and president of Atmosphere Research Group<\/cite><\/blockquote>\n\n\n\n \u201cWe compliment the Spirit Board for listening to their shareholders, who clearly were not supportive of the Frontier transaction, and adjourning the Special Meeting,\u201d JetBlue CEO Robin Hayes said in a statement later Wednesday.<\/p>\n\n\n\n \u201cIt\u2019s clear that Spirit shareholders have now handed the Spirit Board an undeniable mandate to reach an agreement with JetBlue.\u201d<\/p>Henry Harteveldt, a travel industry consultant and president of Atmosphere Research Group<\/cite><\/blockquote>\n\n\n\n Spirit shares surged more than 3% during morning trading Thursday, while JetBlue\u2019s fell over 5% and Frontier\u2019s stock tumbled 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"Spirit Airlines (NYSE: SAVE), announced that it would be delaying its shareholder vote on the potential merger with Frontier Airlines until July 8. The call was made only hours before the meeting was set to take place on Thursday so that it may continue conversations with Frontier as well as rival suitor JetBlue Airways. Second… View Article<\/a>","protected":false},"author":3,"featured_media":19705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,16],"tags":[],"acf":[],"yoast_head":"\nSecond Delay, Original Vote Slated for June 10<\/h5>\n\n\n\n