Originally Posted by
week
Oh I love mindless rumors.
Apparently someone in the Allegiant training department is telling people there that ALGT has already bought spirit but can’t spill the beans because of the covid money
Never say never but of the 108,000,000 SAVE shares outstanding, just under 98,000,000 are institutionally owned by 490 institutions, the largest being the Vanguard Group with 8.5% of the total shares..
https://fintel.io/so/us/save
That would make buying a controlling interest...well, tedious, to say the least.
Not only that, but back when prices were REALLY depressed, the BOD adopted a “poison pill” provision that would allow them to fend off unwanted takeovers:
https://www.nasdaq.com/articles/spir...off-2020-03-30
I would regard that rumor as unlikely to be true.