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depth blues announced a proposal to acquire spirit airlines for 33 dollars per share in cash. This is really interesting because jet blue thinks it's offering a better deal than the offer from a frontier, which is true from monetary perspective. Frontiers bid would give spirit shareholders a share of the combined air line, as well as some cash per share. I think this means that for consumers, costs are going up. The reason is, jet blue has a choice to become more like spirit, or to make spirit become more like itself. And i think the odds are that jet blue tries to mould spirit in its on a form.
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