: JetBlue’s bid for Spirit throws a wrench into the planned Spirit-Frontier merger

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JetBlue Airways Corp. has shouldered its way into the midst of Spirit Airlines Inc. and Frontier Group Holdings Inc.’s merger plan, billing itself as the “most compelling” suitor and the most likely to succeed in a low-fare faceoff against larger carriers.

JetBlue JBLU emerged as a powerful contender to land Spirit SAVE on Tuesday, brandishing an all-cash deal that, at $33 a share, would value Spirit at $3.6 billion.

The…

This article was originally published by Marketwatch.com. Read the original article here.

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