Originally Posted by Excargodog

Either way I think it puts paid to F9 buying NK any time soon.

If even half of what JetBlue has put out is true, they are going to trigger a stockholder class action lawsuit alleging the BOD has failed in their due diligence and is enriching themselves at stockholder expense through a sweetheart deal with board members. That will almost require that a restraining order be put on the buyout until the case is settled.

If JetBlue can’t back up their allegations, they can be countersued.

My guess?

Either

1. The NK BOD finds some fig leaf to hide their embarrassment (like the $3 a share differential) and reverses themselves and goes with B6
2. F9 SUBSTANTIALLY upgrades their offer.