Originally Posted by
FlyGuy2002
Spirit shareholders have until end of June to tender their shares .. and I have serious doubts they’ll get the 51% they desire. Cancel the agreement in principal with frontier as the acquiring airline before the end of June. and enter a new AIP with frontier as us as the purchasing airline.. I Believe there is a fee to pay frontier in that case but it’s not terribly large .. and then assuming JetBlue doesn’t get the 51% shares .. what’s would be there move ? They can’t stop us from buying another airline…
Bill Franke almost certainly doesn’t want to give up control, but IF he did and both boards could come to an agreement before June 30th, SAVE stock price would drop significantly making B6 offer all the more lucrative and favorable to shareholder. Also a clear pathway for more lawsuits and unwanted SEC attention.