4. JetBlue's impending $3.8-billion takeover of Spirit Airlines was backed by two independent proxy advisory firms, namely Institutional Shareholder Services and Glass, Lewis & Company. The firms recommended that shareholders of SAVE vote in favor of the deal at its special meeting on Oct 19. Expressing delight at winning their backing, SAVE's president and CEO Ted Christie said, "We appreciate that both of the leading proxy advisory firms recognize the merger agreement with JetBlue is the best path forward for Spirit, creating significant value for our stockholders and enhancing our ability to grow and compete with the dominant U.S. carriers."