Jet blue wants us now

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06-02-2022 | 12:47 PM

#871

IWalkJun12

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To be a fly in the wall when mgmt meets with their attorneys and they discuss pilots and APC.

06-02-2022 | 01:41 PM

#872

Steelers

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Quote:

Originally Posted by Excargodog

The 35% institutional investors will likely go with the ISS recommendation they paid for. That would imply they will only need 15/65th of the individually held shares, or about 23% of the remaining.

https://money.cnn.com/quote/shareholders/shareholders.html?symb=SAVE&subView=institutional

06-02-2022 | 01:48 PM

#873

Excargodog

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[QUOTE=Steelers;3433929]https://money.cnn.com/quote/sharehol...=institutional[/QUOTE]

So yeah, you can now up the percentage held by institutional investors by another 6% - to 41%. If all go with the ISS recommendation, it won’t take many individual investors going with the B6 tender offer to make the sale a done deal.

06-02-2022 | 02:21 PM

#874

FA24

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From what I'm reading it appears that Institutional and Fund ownership is about 75%. They can swing it by themselves.
https://www.morningstar.com/stocks/xnys/save/ownership
https://eresearch.fidelity.com/erese...p&symbols=SAVE

06-02-2022 | 02:39 PM

#875

Excargodog

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Quote:

Originally Posted by FA24

Yep. A whole bunch of institutional investors have jumped aboard since this started, it used to be only about 35%. Now it seems like at least 70%.

06-02-2022 | 02:40 PM

#876

Ratm0820

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Is it likely if frontier doesn’t get the votes on the 10th spirit will remain independent? That’s what Christie said recently.

06-02-2022 | 02:44 PM

#877

Halon1211

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ULCC’s are in trouble says Scott Kerry.

I think we should vote for JetBlue instead.

https://www.yahoo.com/finance/m/9295...ceo-scott.html

06-02-2022 | 02:47 PM

#878

Lincoln Osiris

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From: NK CA

Quote:

Originally Posted by Ratm0820

Is it likely if frontier doesn’t get the votes on the 10th spirit will remain independent? That’s what Christie said recently.

I don't imagine too many people believe that. The board works on behalf of the shareholders, not the other way around.

06-02-2022 | 02:57 PM

#879

Tranquility

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From: 60’s Tech, Right

Quote:

Originally Posted by Ratm0820

Is it likely if frontier doesn’t get the votes on the 10th spirit will remain independent? That’s what Christie said recently.

Completely depends on how many shares JetBlue can build. If they get a controlling stake, it doesn’t matter what Ted says…

06-02-2022 | 03:01 PM

#880

Tranquility

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From: 60’s Tech, Right

Quote:

Originally Posted by Halon1211

ULCC’s are in trouble says Scott Kerry.

I think we should vote for JetBlue instead.

https://www.yahoo.com/finance/m/9295...ceo-scott.html

There is no option to vote ‘for’ JetBlue, just for/against F9. If enough shares are tendered to JetBlue to have a controlling stake, then JetBlue could be a reality.