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07-14-2022 | 11:57 AM

#161

Directautogroup

On Reserve

Joined: Jan 2016

Posts: 175

Likes: 0

Quote:

Originally Posted by flyingmonkeys

And yet NK granted the extension. Why? What’s the point? Something is going on.

It was contractual per the merger agreement. Frontier even cited paragraph and section in their letter.

07-14-2022 | 01:20 PM

#162

Bluedriver

The REAL Bluedriver

Joined: Sep 2011

Posts: 6,935

Likes: 0

From: Airbus Capt

Quote:

Originally Posted by Flyby1206

I wouldn’t be surprised to see F9 make a new and better offer if the vote fails on the 27th.

I would normally agree, but they already have the data to know it will fail, so that don't need proof of the need for a better offer.

07-14-2022 | 01:46 PM

#163

Popeye0537

On Reserve

Joined: Sep 2018

Posts: 149

Likes: 6

Quote:

Originally Posted by Flyby1206

I wouldn’t be surprised to see F9 make a new and better offer if the vote fails on the 27th.

I read somewhere that this current F9 offer wasn't really any better, something about the shareholders paying in essence the additional $2 bucks per share that they offered. Nothing in cash was added while B6 upped the cash. So I don't see F9 doing anything.....hopefully

07-14-2022 | 01:53 PM

#164

BunkerF16

Line Holder

Joined: Mar 2012

Posts: 1,169

Likes: 26

Quote:

Originally Posted by Flyby1206

I wouldn’t be surprised to see F9 make a new and better offer if the vote fails on the 27th.

The F9 CEO literally said they made their last/best offer and if NK decided to go with B6 they would waive their right to match. I think at this point they want the $100M breakup fee and Spirit brand out of the way and see what they can do alone.

07-14-2022 | 02:14 PM

#165

Lakeaffect

Line Holder

Joined: Jan 2015

Posts: 467

Likes: 70

Quote:

Originally Posted by Popeye0537

Exactly! They’re taking on debt to pay for the extra $2 per share. In theory that debt would have a negative effect of $2 share on your stock payment. They just rearranged the 2 piles of payment. Share price goes down, cash offer goes up, same total value as before.

07-14-2022 | 02:16 PM

#166

CincoDeMayo

That/It/Thang

Joined: Aug 2020

Posts: 3,501

Likes: 366

Quote:

Originally Posted by BunkerF16

Take the $92m break up fee and then see if the JBLU fails DOJ and they can see if they want to try NK again at that time.

07-14-2022 | 02:27 PM

#167

BunkerF16

Line Holder

Joined: Mar 2012

Posts: 1,169

Likes: 26

Quote:

Originally Posted by CincoDeMayo

Take the $92m break up fee and then see if the JBLU fails DOJ and they can see if they want to try NK again at that time.

Won't be an option. DOJ will not stop the acquisition. JB will negotiate and get Schumer involved at whatever level to ensure this goes through.

07-14-2022 | 02:41 PM

#168

Excargodog

Perennial Reserve

Joined: Jan 2018

Posts: 14,248

Likes: 257

Quote:

Originally Posted by CincoDeMayo

Take the $92m break up fee and then see if the JBLU fails DOJ and they can see if they want to try NK again at that time.

If the NK BOD believed for a second that the DOJ WAS going to block a B6 sale, they’d agree to it, pay F9 the $92m breakup fee, and then more than make it back with the B6 DOJ penalty fee and be $300m ahead of the game.

But the NK BOD excuses aren’t clicking with the shareholders and they are slowly resigning themselves to the fact that those sweetheart deals with F9 are gone for good.

07-14-2022 | 02:46 PM

#169

Trylabyte

Gets Weekends Off

Joined: Jan 2022

Posts: 191

Likes: 0

All I can say is of course we're all sick of this B's not b6. I assume f9 has something in the bank ready to fire. I also assume that b6 does as well. The enemy is the mgmt group that delays this for no reason, shuts down pilot bases without warning, potentially displaces pilots and put them all in FLL. Just give me an answer so I can update my apps if Bill and Ted gets his way