Originally Posted by
BunkerF16
There's no way they'll accept the new JB offer. This is pure theater to give the impression they're doing their DD. They're not. They've already crafted their turning down this offer reiterating their previous BS position. This will go to the shareholders to decide. A good old fashion showdown.
I tend to agree with you. Jetblue offering more if BOD negotiates is a brilliant move, on JetBlues part. Now, if Spirit says “NO” it appears they are not keeping the best interest of shareholders in mind. But, if Spirit changes “YES” it appears that they were lying before and didn’t have the best interest of shareholders in mind when they rejected the first two JetBlue offers.
Either way it makes our BOD look quite bad.