New Jetblue wants us thread
07-06-2022, 01:48 AM
#12
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Joined APC: Jan 2015
Posts: 384
Originally Posted by togaflaps
Heard schwab is putting out emails to people who hold NK stock the vote has been delayed until the end of the month. Have you heard anything from management??
07-06-2022, 04:27 AM
#13
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Joined APC: Apr 2019
Posts: 1,077
Originally Posted by Lakeaffect
Schwab emailed me that the Tender Offer was extended until July 28th. Nothing about the vote though.
07-06-2022, 04:56 AM
#14
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Joined APC: Apr 2022
Posts: 107
Originally Posted by Zerosilver84
The vote is still the 8th (for now til NK changes it again) and didn't jb extend the option to tender your shares til the 29th.
07-06-2022, 09:54 AM
#16
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Joined APC: Mar 2016
Position: 320 Captain
Posts: 172
We're 2 days away from the "vote." Something is not cricket. No idea what is going on but I fully suspect one of 3 things:
- Spirit delays vote for another day citing "negotiations" with F9/B6
- Spirit pulls out of merger all together trying to remain standalone
- Spirit and JB have come to an agreement (very, very, very unlikely)
07-06-2022, 10:00 AM
#17
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Joined APC: Jan 2016
Posts: 160
New Jetblue wants us thread
Why would Frontier let them out of the agreement with no financial penalty?
I think they are backed into a corner and it’s either superior or a vote and the resulting risks that entails. If the Frontier is voted down there is no superior debate and it comes down to formulating a new plan on how staying independent is more valuable than JetBlue cash money which seems like a difficult argument to facilitate.
I would think after the debacle last week that the biggest shareholders have made their mandate clear.
I think they are backed into a corner and it’s either superior or a vote and the resulting risks that entails. If the Frontier is voted down there is no superior debate and it comes down to formulating a new plan on how staying independent is more valuable than JetBlue cash money which seems like a difficult argument to facilitate.
I would think after the debacle last week that the biggest shareholders have made their mandate clear.
07-06-2022, 10:24 AM
#18
That/It/Thang
Joined APC: Aug 2020
Posts: 2,848
Originally Posted by Directautogroup
Why would Frontier let them out of the agreement with no financial penalty?
I think they are backed into a corner and it’s either superior or a vote and the resulting risks that entails. If the Frontier is voted down there is no superior debate and it comes down to formulating a new plan on how staying independent is more valuable than JetBlue cash money which seems like a difficult argument to facilitate.
I would think after the debacle last week that the biggest shareholders have made their mandate clear.
I think they are backed into a corner and it’s either superior or a vote and the resulting risks that entails. If the Frontier is voted down there is no superior debate and it comes down to formulating a new plan on how staying independent is more valuable than JetBlue cash money which seems like a difficult argument to facilitate.
I would think after the debacle last week that the biggest shareholders have made their mandate clear.
So I would be willing to bet Teddy loses his job if all he has to show for this at the end of the day is $94.2m off the Spirit books, which is around 3% of the company's total equity value.
"Hey I lost 3% of our entire value because of my poor handling of this merger, can I come to work tomorrow?"
07-06-2022, 10:41 AM
#20
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Joined APC: Oct 2019
Posts: 985
Originally Posted by flyingmonkeys
Would not surprise me if F9 makes a new offer at the 11th hour to try and steal the vote right before it closes. Basically try to steal the merger vote out from JB
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