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Updated June 20, 2022 7:34 pm ET / Original June 20, 2022 6:54 pm ET
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JetBlue further sweetened its offer for Spirit Airlines to $33.50 per share on Monday, representing the latest move in the battle to acquire the Florida-based discount airline.
The offer—an increase from the $31.50 per share the company put forward earlier this month—also includes stronger regulatory commitments, a prepayment of $1.50 per share to shareholders if they vote to combine the two airlines, and a $350 million payment to Spirit if the deal fails to go through.