Spirit shareholders urged to vote for sweetened Frontier offer

Frontier Group's sweetened offer to buy Spirit Airlines has won over support from the shareholder advisory firm ISS, reversing an earlier decision.

with Frontier on the revised terms is warranted," the proxy advisory firm said in a report published late Friday.

Spirit Airlines on Friday said that Frontier sweetened its offer, raising its cash offer by $2 per share and urged its shareholders to back a merger deal with Frontier at a meeting next week. A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport.A vote by Spirit shareholders on the merger with Frontier is set for June 30.

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