Frontier raises offer for Spirit Airlines

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Frontier Airlines on Friday added more cash and a larger breakup fee to its offer to buy Spirit Airlines, and the Spirit board repeated its preference for Frontier over a rival bid by JetBlue Airways.

Frontier added $2 per share to its previous offer, boosting it to $4.13 in cash plus 1.9126 shares of Frontier for each Spirit share.

The Denver-based airline also raised the amount it would pay Miramar, Fla.-based Spirit if antitrust regulators stop the deal…

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