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JetBlue Offers to Buy Spirit in All-Cash Deal

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JetBlue Offers to Buy Spirit in All-Cash Deal

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JetBlue Airways Corp. is vying to buy Spirit Airlines Inc. for roughly $3.6 billion, challenging rival Frontier Airlines in its efforts to buy the ultralow-cost airline.

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

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