Spirit Airlines shareholders have approved a $3.8 billion takeover by JetBlue Airways, in a deal that looks primed to create the fifth-largest airline in the United States.
Spirit made the announcement in a Wednesday press release, with more than 50 percent of the stock owners voting to approve the deal. The merger must now go through the final regulatory steps, and Spirit said they expect the transaction to close "no later than the first half of 2024."
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