Originally Posted by
SlimBob
"These calculations resulted in a range of implied price per share of $34 to $64 (the “Spirit DCF Range”). Barclays noted that the implied per share merger consideration of $25.83 was below the Spirit DCF Range." So a B6 offer of $33 really makes it look like an empty attempt to raise F9s offer and that they maybe had a look under the skirt.
If JetBlue didn't go hostile I would say you would have a point. However, since JetBlue is buying up shares as we speak I doubt that is the case. Why pay more than you have to? Especially when Frontiers offer was so laughably low.