JetBlue Boosts Breakup Fee, Pledges Dividend in Bid to Woo Spirit Holders - The Wall Street Journal

JetBlue raised a breakup fee it would pay to $350 million and pledged to prepay some of that as a cash dividend as its effort to wrest Spirit Airlines from its planned merger with Frontier enters the final stretch.

JetBlue Airways said it has sweetened its bid for Spirit Airlines as JetBlues effort to wrest the carrier from its planned merger with Frontier Group Holdings enters the final stretch. JetBlue, whic… [+366 chars]

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