Originally Posted by
N1sync
The recent happenings here at Allegiant seem to have Buyout/Merger written all over it. MG is getting rid of unwanted management and personnel to make us look better on paper as well as keep from paying out extra bonus money to those without longevity. Our stock price is at 52 week lows, our profits remain solid, and the dollar is strong. We are on sale...
However, everybody else is on sale too if we are looking to buy. Spirit is also at 52 week lows and they've just gotten rid of their CEO. A lot of this may be coincidental but if you look at all the details and you've been through merger/buyouts before then the writing seems to be on the wall. Shareholders want results and when values tank they start taking actions to get their money back.
Additionally, a merger or buyout would reset our negotiations with the company, MG and the Shareholders would enjoy low wages and terrible work rules for another 3-5 years.
Who would be interested in merging with a company that has a unique and quirky business model that provides no synergies or assets beyond a bunch of shelled-out MD-80s?