The Bidding War for Spirit Airlines Nears Conclusion - Jalopnik

The management of the Florida-based airline stated that it delayed the vote because of the lack of shareholder support but continued seeking a better deal with Frontier as its first option.

Today, Institutional Shareholder Services has reversed its stance and recommended a vote for a new deal with Frontier Airlines.

On balance, support for the merger with Frontier on the revised terms is warranted.” Frontier raised his purchase bid by $2 per share ($4.13 per share), matching an increase from JetBlue.