SAVE stock
09-30-2022 | 12:48 PM
#111
SDQ Base Chief
Joined: Mar 2006
Posts: 6,079
Likes: 41
From: 320 CA
https://seekingalpha.com/news/388765...vidend-payment
Spirit Airlines (NYSE:SAVE) dropped 6% after a NYSE notice reportedly indicated that shareholders would have to be holders of record in order to get a $2.50/share special dividend associated with the company's planned sale to JetBlue (NASDAQ:JBLU).
An NYSE notice today indicated that shareholders of record on Sept. 12 would be the only holders able to get a $2.50/share special dividend as part of the original agreement from late July, according to traders, who saw a copy of the NYSE notice that was circulating.
JetBlue (JBLU) announced in late July that it agreed to acquire Spirit Airlines (SAVE) for $33.50/share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction.
There was an expectation before the NYSE notice today that an individual didn't have to be a shareholder of record to get the $2.50/share dividend, according to traders.
JetBlue (JBLU) and Spirit (SAVE) didn't immediately respond to Seeking Alpha request for comment.
Earlier this month Spirit (SAVE) set its holder vote for its sale to JetBlue for Oct. 19.
Earlier this month Sen. Elizabeth Warren (D-MA) requested that that the U.S. Department of Justice heavily scrutinize the airline deal and ultimately block the combination.
An NYSE notice today indicated that shareholders of record on Sept. 12 would be the only holders able to get a $2.50/share special dividend as part of the original agreement from late July, according to traders, who saw a copy of the NYSE notice that was circulating.
JetBlue (JBLU) announced in late July that it agreed to acquire Spirit Airlines (SAVE) for $33.50/share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction.
There was an expectation before the NYSE notice today that an individual didn't have to be a shareholder of record to get the $2.50/share dividend, according to traders.
JetBlue (JBLU) and Spirit (SAVE) didn't immediately respond to Seeking Alpha request for comment.
Earlier this month Spirit (SAVE) set its holder vote for its sale to JetBlue for Oct. 19.
Earlier this month Sen. Elizabeth Warren (D-MA) requested that that the U.S. Department of Justice heavily scrutinize the airline deal and ultimately block the combination.
09-30-2022 | 01:01 PM
#112
Gets Weekends Off
Joined: Dec 2019
Posts: 331
Likes: 0
This should not be a surprise. The stock market is really bizarre.
10-11-2022 | 12:57 PM
#113
Line Holder
Joined: Jun 2009
Posts: 298
Likes: 0
10-11-2022 | 01:31 PM
#114
Gets Weekends Off
Joined: Feb 2022
Posts: 385
Likes: 0
From: A320CA
10-11-2022 | 02:02 PM
#115
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
10-11-2022 | 03:28 PM
#116
Perennial Reserve
Joined: Jan 2018
Posts: 14,246
Likes: 257
I like equities and when they are down is the time to buy them. And I’m genuinely impressed by how much NK has been able to increase their flying and revenue over 2019, BUT…
Buying stock in the company you work for voluntarily is a bad idea. UA pilots were REQUIRED to take some of their payment in UAL stock for a few years before UA’s last bankruptcy when it became worthless.
Single point failure modes are risky. Too risky for this kid.
Buying stock in the company you work for voluntarily is a bad idea. UA pilots were REQUIRED to take some of their payment in UAL stock for a few years before UA’s last bankruptcy when it became worthless.
Single point failure modes are risky. Too risky for this kid.
10-11-2022 | 03:41 PM
#117
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….
10-11-2022 | 03:46 PM
#118
Perennial Reserve
Joined: Jan 2018
Posts: 14,246
Likes: 257
It can be risky, if you don’t know what you’re doing and also don’t leverage your future to it. I started buying in early 2020 and sold half that June for a double. Playing with house money now until the JetBlue transaction closes at…. What was it, $33-something??
Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….
Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….
10-11-2022 | 07:52 PM
#119
Line Holder
Joined: Jun 2009
Posts: 298
Likes: 0
It can be risky, if you don’t know what you’re doing and also don’t leverage your future to it. I started buying in early 2020 and sold half that June for a double. Playing with house money now until the JetBlue transaction closes at…. What was it, $33-something??
Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….
Point of the story, I’m trading our company’s stock, however I never bought with the intention of it being a long term asset. Yes, you can buy your company’s stock….
it’s almost a double from here if it goes through. And if it doesn’t it’s like the rest of my crap kicking my nutz. Good luck!
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