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Spirit-Frontier Deal Backed by ISS

Proxy advisory firm Institutional Shareholder Services Inc. recommended Spirit Airlines Inc. SAVE 2.90%▲ investors vote for a proposed merger with Frontier Airlines, ULCC 6.57%▲ reversing its position on the deal after Frontier sweetened its offer Friday. “On balance, support for the merger with Frontier on the revised terms is warranted,” ISS wrote in a report that was published late Friday and made public Saturday...

Mentions: Proxy Advisory ISS Merger