Originally Posted by
Lakeaffect
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.
i agree he likes control. But if he think post merger the company could be a financial powerhouse and your willing to have 52% of said airline would you be willing to take 48% of said airline to help the deal get consummated ? Owning 48% of something might be better than 100% of Nothing. And now ULCC is public he doesn’t have the absolute power he’s used too.
im just saying the best offense is a good defense.
JetBlue is trying to stop us from being sold to frontier. But if we aren’t being sold what’s there to stop? How can you stop a sale that isn’t happening ?