Originally Posted by
Directautogroup
The public letter sent by Tig Investments to the Spirit board which basically embarrassed Spirit to no end is sure how the remaining top ten feel as well.
Ted Christie has munged some other companies in the past and if the Spirit board hasn’t read the room at this point in the process they need to be sure and preserve all records so their case study of M and A will be a grad school delight for years to come.
Tig investments didn’t even buy shares until after the jet blue offer was announced. They are a merger arbitrage investor, trying to make money on the difference between current share price and offer price. The spirit board couldn’t care less about their letter.