Frontier Airlines is again trying to join forces with Spirit Airlinesmanaloplay, three years after the companies failed to complete a proposed merger.
Among national universities, Princeton was ranked No. 1 again, followed by the Massachusetts Institute of Technology and Harvard. Stanford, which tied for third last year, fell to No. 4. U.S. News again judged Williams College the best among national liberal arts colleges. Spelman College was declared the country’s top historically Black institution.
Calls for school crackdowns have mounted with reports of cyberbullying among adolescents and studies indicating that smartphones, which offer round-the-clock distraction and social media access, have hindered academic instruction and the mental health of children.
On Wednesday, Frontier said it was willing to pay $2.1 billion in stock and cash for Spirit, a deal that would unite the nation’s two largest budget carriers and could reshape competition in the heavily consolidated U.S. airline industry. But Spirit said it had rejected the offer, which was far less than the $2.9 billion merger that the airlines had announced in early 2022, while saying it would welcome further negotiations.
Spirit walked away from the 2022 deal in favor of a higher counteroffer from JetBlue Airways, which the Justice Department successfully blocked in federal court last year. After a string of setbacks,superjili including a failure to renegotiate its debt, Spirit filed for bankruptcy in November.
Frontier, which made the newer offer to Spirit and its creditors on Jan. 7, promoted a merger as beneficial both to the companies and to consumers.
“As a combined airline, we would be positioned to offer more options and deeper savings, as well as an enhanced travel experience with more reliable service,” Barry Biffle, Frontier’s chief executive, said in a statement on Wednesday.
olx88 slotIn a securities filing, Spirit said it told Frontier on Tuesday that it would stick with its plan to restructure its finances in bankruptcy court, but that it remained open to further talks.
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