{"id":80653,"date":"2022-02-07T09:18:06","date_gmt":"2022-02-07T14:18:06","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80653"},"modified":"2022-02-07T09:03:46","modified_gmt":"2022-02-07T14:03:46","slug":"frontier-and-spirit-to-merge-creating-fifth-largest-airline-in-u-s-in-6-6-billion-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2022\/frontier-and-spirit-to-merge-creating-fifth-largest-airline-in-u-s-in-6-6-billion-deal.html","title":{"rendered":"Frontier and Spirit to merge creating fifth-largest airline in U.S. in $6.6 billion deal"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/ULCC\" target=\"_blank\">Frontier<\/a> Airlines and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/SAVE\" target=\"_blank\">Spirit Airlines<\/a>, the two largest low-cost carriers in the U.S. have agreed to merge in a deal valued at $6.6 billion, creating what would become the fifth-largest airline in the country. The merger gives Denver-based Frontier Airlines a 51.5% controlling stake in the combined airline. Spirit investors will receive 1.9126 shares of Frontier plus $2.13 in cash for each share they own, giving Spirit shareholders an implied value of $25.83 per share, which is a 19% premium over the value of Spirit shares at the end of last week, the companies said.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/02\/07\/frontier-and-spirit-to-merge-creating-5th-largest-airline-in-us.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge in a deal valued at $6.6 billion, creating what would become the fifth-largest airline in the country. The merger gives Denver-based Frontier [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80653","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=80653"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80653\/revisions"}],"predecessor-version":[{"id":80654,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80653\/revisions\/80654"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}