Southwest Airlines yesterday confirmed its submission of a binding cash offer worth more than $170 million to acquire Denver rival Frontier Airlines, which now will be sold at auction because Republic Airways Holdings also has placed a bid. When announcing its nonbinding interest in late July, SWA said its offer would be worth at least $113.6 million, eclipsing Republic's US Bankruptcy Court-approved proposal of $108.8 million (ATWOnline, July 31). Explaining the difference in value, SWA ...

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