New Jetblue wants us thread
07-06-2022 | 01:48 AM
#12
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07-06-2022 | 04:27 AM
#13
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07-06-2022 | 04:56 AM
#14
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They keep delaying the vote the BOD is just going to look more like clowns than they already do, and won’t have any golden parachute when they’re removed.
07-06-2022 | 07:23 AM
#15
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07-06-2022 | 09:54 AM
#16
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From: 320 Captain
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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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: Aug 2020
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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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