Yahoo Finance Live’s Brian Sozzi breaks down JetBlue’s proposal for acquisition of Spirit Airlines.
Video Transcript
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BRIAN SOZZI: Welcome back. All eyes on the not-so-friendly skies. JetBlue answering Frontier’s enhanced proposal with one of its own offering a $400 million reverse breakup fee up from its previous $350 million offer. JetBlue’s proposal also offers a $2.50 per share dividend rising from its earlier offer of $1.50 a share. Now, Frontier CEO Barry Biffle told us…