Originally Posted by
LoopsMcDoops
So this is what Ted said this week....
" I'f our shareholders don’t approve the Frontier deal, we’re back to a stand-alone,” Spirit’s chief executive, Ted Christie, said this week in an interview with The New York Times. “We have made clear the issues that we have with the JetBlue transaction.”
Spirit is not going to take a deal from JB. They'll run back to Frontier for more money and see if they can try again. What is most transparent about this is if they don't think the JB deal would go through, and you pull out if the merger with Frontier, why wouldn't you at least attempt to get the JB deal through with all the incintives that JB is offering should the deal be denied? Perhaps this is just posturing to get shareholders to vote the way they want, perhaps Ted means this litteraly. Either way, I reiterate, this deal is not for the shareholders, is for the executives of NK/F9.
Yeah because if JBLU offers Ted $12mil for a deal he will turn it down 🙄
Ted has to say it’s Frontier or bust, until it’s not on the table, and then the Board will have to pivot once investors come knocking. It’s not like the investment community is going to forget about the almost 50% premium over current SAVE price. The question is, does the investment community want JBLU to acquire SAVE instead of SAVE remaining independent?
Too much assumption that the shareholders are ready to hand over their shares to JBLU. All that has been established is that they don’t want to approve a Frontier deal at the current numbers