Spirit Again Delays Shareholder Vote to Extend Merger Talks
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Spirit Airlines Inc. delayed for a third time a crucial shareholder vote so it can continue discussions of its merger options with Frontier Group Holdings Inc. and rival suitor JetBlue Airways Corp.
The special meeting that had been set for Friday was delayed until July 15, Spirit said in a statement Thursday. While Spirit will continue to solicit shareholder proxies, there won’t be a vote or other business conducted at Friday’s meeting. The company said “it intends to reopen and immediately adjourn” the meeting.