It's official - JB buying us.
07-28-2022 | 03:09 AM
#3
Line Holder
Joined: Dec 2021
Posts: 73
Likes: 0
Ted just said this is a great deal for shareholders and team members.... its funny how people think Ted lost, he's walking away with a 8 figure no stock, straight cash homie deal! I think Ted won! Money talks.. Enjoy your golden parachute Ted, good riddance.
07-28-2022 | 03:21 AM
#4
Line Holder
Joined: Jun 2006
Posts: 1,600
Likes: 33
And other stuff
07-28-2022 | 03:44 AM
#6
Gets Weekends Off
Joined: Jun 2016
Posts: 182
Likes: 0
I don’t think this will be an issue. Spirit stock has been getting a boost ever since the B6 offer has been on the table. If it wasn’t for B6 deal spirit stock would probably be trading in the mid to high teens right now
07-28-2022 | 04:22 AM
#7
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
They said at the latest first half 2024. But it's a gamble, and it was the shareholders gamble to make.
07-28-2022 | 04:29 AM
#8
Gets Weekends Off
Joined: Nov 2005
Posts: 2,710
Likes: 51
The offer also increases by 65 cents if the merger isn’t finished by December 2023.
it’s in the fine print of the merger announcement on the JB investor relations page.
“
it’s in the fine print of the merger announcement on the JB investor relations page.
“
- JetBlue will acquire Spirit for $33.50 to up to $34.15 per share in cash, depending on the timing of closing, including 1) an accelerated prepayment of $2.50 per share in cash, payable promptly after Spirit’s stockholders approve the transaction, and 2) a ticking fee prepayment of $0.10 per share per month between January 2023 and the consummation or termination of the transaction.
- In the event the transaction is consummated on or before December 2023, the transaction consideration will be $33.50 per share, increasing over time to up to $34.15 per share, in the event the transaction is consummated at the outside date in July 2024.
- The transaction consideration of $33.50per share implies an aggregate fully diluted equity value of approximately $3.8 billion3 and an adjusted enterprise value of $7.6 billion4.”
07-28-2022 | 04:59 AM
#9
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
Exactly. It doesn’t matter the price because the price from this point on is based on the JBLU purchase, so totally different than if it remained a stand alone
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