JetBlue bids for Spirit Airlines
06-04-2022, 11:30 AM
#1311
Lives in Base
Joined APC: Mar 2011
Posts: 399
well duh. Advisors advise to take JetBlue offer.
https://apnews.com/article/2dab9cfbb...dbab3bc5f4e2ab
https://apnews.com/article/2dab9cfbb...dbab3bc5f4e2ab
Institutional Shareholder Services Inc. conceded that Spirit’s board might be correct in concluding that the Frontier offer has a better chance of winning approval from antitrust regulators. However, the firm said, both bids carry regulatory risks but only the JetBlue offer includes a $200 million breakup fee in case regulators reject it.
06-04-2022, 12:03 PM
#1312
Gets Weekends Off
Joined APC: Jun 2016
Posts: 174
Yep. Doesn’t change the fact that the b6 offer is still 40% more. I don’t see how this will move the needle much for those voting no.
06-07-2022, 04:46 AM
#1316
Gets Weekends Off
Joined APC: Feb 2022
Position: A320CA
Posts: 385
06-07-2022, 05:41 AM
#1318
Gets Weekends Off
Joined APC: Mar 2012
Posts: 992
Of course it's biased. But that doesn't mean it's not true. When you go to trial the prosecution and defense bring in paid experts to bolster their cases. Their credibility and testimony often swings the case in one direction or another. It seems like this individual has quite a bit of experience and would most certainly play well in any litigation the government may try to entertain.
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