Jet blue wants us now
06-10-2022 | 11:49 AM
#1161
Gets Weekends Off
Joined: Jul 2021
Posts: 1,035
Likes: 0
Spirit shareholders have until end of June to tender their shares .. and I have serious doubts they’ll get the 51% they desire. Cancel the agreement in principal with frontier as the acquiring airline before the end of June. and enter a new AIP with frontier as us as the purchasing airline.. I Believe there is a fee to pay frontier in that case but it’s not terribly large .. and then assuming JetBlue doesn’t get the 51% shares .. what’s would be there move ? They can’t stop us from buying another airline…
06-10-2022 | 12:08 PM
#1162
Gets Weekends Off
Joined: Feb 2011
Posts: 172
Likes: 0
Spirit shareholders have until end of June to tender their shares .. and I have serious doubts they’ll get the 51% they desire. Cancel the agreement in principal with frontier as the acquiring airline before the end of June. and enter a new AIP with frontier as us as the purchasing airline.. I Believe there is a fee to pay frontier in that case but it’s not terribly large .. and then assuming JetBlue doesn’t get the 51% shares .. what’s would be there move ? They can’t stop us from buying another airline…
06-10-2022 | 12:26 PM
#1165
Line Holder
Joined: Jan 2015
Posts: 467
Likes: 70
Spirit shareholders have until end of June to tender their shares .. and I have serious doubts they’ll get the 51% they desire. Cancel the agreement in principal with frontier as the acquiring airline before the end of June. and enter a new AIP with frontier as us as the purchasing airline.. I Believe there is a fee to pay frontier in that case but it’s not terribly large .. and then assuming JetBlue doesn’t get the 51% shares .. what’s would be there move ? They can’t stop us from buying another airline…
06-10-2022 | 12:41 PM
#1167
Line Holder
Joined: May 2015
Posts: 490
Likes: 41
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.
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 ?
06-10-2022 | 12:47 PM
#1168
Gets Weekends Off
Joined: Jul 2021
Posts: 1,035
Likes: 0
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 ?
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 ?
06-10-2022 | 01:41 PM
#1169
Line Holder
Joined: Jan 2015
Posts: 467
Likes: 70
Shareholders own the company, and the shareholders want B6, that’s why the vote was delayed. If Ted and the BOD plot to go behind the shareholders back to serve their personal best interests, that is serious.
Last edited by Lakeaffect; 06-10-2022 at 02:00 PM.
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