Originally Posted by
serhito
Sorry but trying to understand the concept. Oaktree is selling their remaining stocks to lower the price to make it more attractive for a buyer ? What is the advantage for Oaktree in this ?
I think they are just getting out of the Spirit thing, but I can't help to question why they do it at the point where Spirit is profitable with a good looking future.
You are right. There is no advantage to Oaktree for doing this, unless they are in cahoots with someone else who wants to buy the company. That would make no sense because Oaktree would sell their stock and have no stake in the company before the value went up. It is illegal (to collaborate) and a breach of fiduciary trust of thier own stockholders. They are just cashing out.