Originally Posted by
Excargodog
The current JetBlue letter to the Spirit stockholders makes allegations of a failure of due diligence on the part of the Spirit BOD. If that letter is FALSE in any materiel way, B6 is in trouble with the SEC.
But false or true, it practically guarantees a class action lawsuit on behalf of SAVE stockholders who want the immediate payout.
I am absolutely not a sidestick MBA. But I do think just the fact that JB says this publicly means there's a chance NKs board is trying to push the boundaries.