Originally Posted by
Roy Biggins
Finally someone that gets it. I’d bet my next paycheck JB already has the political wheels greased and the merger approved behind the scenes.
Without a shadow of a doubt. JB does not screw around with their pocket book. They are already proving to be much more aggressive with this than that of the Virgin deal. Just looking at their proposal they absolutely did their due diligence with their financial and political partners.
Most of the potentially significant hurdles they have addressed whether it was the DOJ, ensuring shareholders received a fair premium and the what if’s if this was blocked before they potentially become a problem. They have clearly ran this by multiple teams of lawyers, PR and those in political power. They also got several large banks on board and secured financial backing to show they are serious about making this happen. This has strong language to appease the powers that be.
JB also cannot say they would dump the NEA. You think American (or any other business partner) would take kindly to smearing a mutually beneficial preexisting business agreement? What’s more, would you trust JB with this merger if JB showed they could not be friendly with existing business partners the moment they outgrew them without fulfilling legal business terms?
Someone in management is lying. I don’t believe it’s on the B6 side. In official SEC documents they pointed out the relationship NK and F9 had/has. That could be a legal headache if it didn’t have some footing. For them to be putting that out publicly means they have some intel.
My 2 cents…