Frontier to buy Spirit Airlines: ‘everybody wins through this transaction’

Shares of Spirit Airlines Inc (NYSE: SAVE) are up more than 10% on Monday after Frontier Group Holdings Inc (NASDAQ: ULCC) said it will buy the Florida-based ultra-low-cost air carrier for $2.9 billion in cash and stock. Spirit shareholders to get a 19% premium The deal offers $2.13 in cash to Spirit shareholders on top […]