Spirit and Frontier agree to terminate merger proposal, Spirit will look to pursue JetBlue's bid

Spirit Airlines and Frontier Airlines agreed to walk away from a proposed merger today without announcing the results of a planned shareholder vote, months after JetBlue Airways made its own bid. The decision to walk away came after the vote was postponed four times, making the merger increasingly uncertain. "Obviously, we're disappointed in this outcome and the Spirit shareholders will miss an opportunity to meaningfully participate in the rebound of leisure travel," Barry… (www.msn.com) More...