Spirit Airlines, Inc.
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SAVE STOCK ALERT: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SPIRIT AIRLINES, INC. IS FAIR TO SHAREHOLDERS
February 7, 2022.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Spirit Airlines, Inc. (NYSE: SAVE) to Frontier Group Holdings, Inc. for 1.9126 shares of Frontier plus $2.13 in cash for each Spirit share is fair to Spirit shareholders.
The investigation concerns whether Spirit and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Spirit shareholders; (2) determine whether Frontier is underpaying for Spirit; and (3) disclose all material information necessary for Spirit shareholders to adequately assess and value the merger consideration. On behalf of Spirit shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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