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JetBlue offers to buy Spirit in a cash transaction

JetBlue Airways Corp. is in the running to buy Spirit Airlines Inc. for about $3.6 billion, defying rival Frontier Airlines in its bid to buy the airline at a rock-bottom price.

JetBlue offered to buy Spirit in an all-cash transaction for $33 per share, Spirit said Tuesday, describing the offer as an unsolicited offer.

wsj

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