Originally Posted by
Stayontarget
This thread started with something along the lines of “Spirit didn’t due their fiduciary responsibility to the shareholders by creating a bidding war and driving up the price!” Now that’s exactly what is happening and I see, “Spirit isn’t following their fiduciary responsibilities by accepting the JetBlue offer!”
Im fine with the price going up and up as a shareholder but I can understand the angst as a Spirit employee.
Price hasn't gone up that much since the BOD doesn't require F9 to bid. If the BOD was doing the fiduciary duty they wouldn't have scheduled 2 votes. There are going to be so many lawsuites from this.