Investor-advisory firm backs latest Frontier bid for Spirit

ON FRIDAY, an investor-advisory firm recommended the Frontier Airlines bid to buy Spirit after Frontier added a $250 million breakup fee. Spirit would get that fee if antitrust regulators block the deal. JetBlue Airways was already including a $200 million breakup fee in its rival bid to buy Spirit for more than $3 billion. / MATT ROURKE / ASSOCIATED PRESS FILE PHOTO
NEW YORK (AP) – The decision by Frontier Airlines to sweeten its offer for Spirit Airlines paid dividends Friday when an investor-advisory firm recommended the deal to Spirit shareholders.  Glass Lewis supported the deal after Frontier added a $250 million breakup fee to the February agreement between boards of both budget airlines.  The firm said…

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