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Who Will Blink First in the Battle for Control of Spirit Airlines?

The shareholder vote to approve a merger with Frontier has been delayed four times while JetBlue pushes its own bid.
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Illustration: George Wylesol for Bloomberg Businessweek

What do you get when you cross airlines with an M&A bidding war? Delays.

Spirit Airlines Inc. has postponed the shareholder vote on its proposed merger with Frontier Group Holdings Inc. four times while it struggles to persuade investors to ignore a competing offer from JetBlue Airways Corp.