Jetblue modifies superior offer after consultation with shareholders

New york--(business wire)--jetblue (nasdaq: jblu) today announced that it is modifying its proposal to acquire spirit (nyse: save) based on discussions with spirit shareholders, and issued an open letter detailing the benefits of its decisively superior proposal and the recent misleading statements made by spirit. jetblue is communicating the modified proposal to spirit's board today. jetblue continues to encourage spirit shareholders to vote against frontier's inferior offer. after engagement
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