By Svea Herbst-Bayliss

BOSTON (Reuters) -Shareholder advisory agency Glass Lewis on Friday beneficial Spirit Airways (NYSE:) buyers approve Frontier Group Holdings Inc’s $2.9 billion takeover bid, saying it was the “finest out there” right now.

The report, which helps information buyers on learn how to vote on the proposed merger, comes solely hours after Frontier stated it agreed to a break-up charge as a part of a revised deal the businesses hope Spirit shareholders will help.

“We imagine the Frontier Merger Consideration supplies Spirit shareholders with a reasonably compelling valuation and premium for his or her Spirit shares, on stability,” the report stated, including Glass Lewis believed the revised deal phrases ought to supply “added safety” in opposition to potential regulatory danger.

Glass Lewis’ report was revealed days after its bigger rival Institutional Shareholders Providers urged Spirit shareholders to vote in opposition to the deal as a result of Spirit had failed to barter a break-up charge.

JetBlue Airways (NASDAQ:) is attempting to muscle in on the take care of a hostile $3.3 billion supply that Spirit has rejected.

Glass Lewis wrote that JetBlue had not made a “sufficiently compelling case to warrant overriding the board’s willpower” and that the Frontier supply would have a neater path to closing than the JetBlue supply.