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Old 05-05-2022, 11:22 AM
  #701  
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Originally Posted by BeatNavy
B6 ought to pull their offer and run, not walk, at this point.
They can buy shares on the open market and partner with black rock and vanguard. Easy win and save $1B.
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Old 05-05-2022, 12:18 PM
  #702  
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Originally Posted by Cockpit997
They can buy shares on the open market and partner with black rock and vanguard. Easy win and save $1B.
I don’t see why JB can’t make a tender offer for $33/share and have it cancel if they don’t get 51% of the 108mil outstanding shares.

Then make another proposal to buy NK at $24/share without the previous protections, vote to approve it, and so sorry for those who fought the tender offer. JB saves big $$$
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Old 05-05-2022, 12:54 PM
  #703  
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Originally Posted by Flyby1206
I don’t see why JB can’t make a tender offer for $33/share and have it cancel if they don’t get 51% of the 108mil outstanding shares.

Then make another proposal to buy NK at $24/share without the previous protections, vote to approve it, and so sorry for those who fought the tender offer. JB saves big $$$
I'm this current market, may just be able to pull that off with the institutional shareholders.
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Old 05-05-2022, 01:08 PM
  #704  
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Originally Posted by Flyby1206
I don’t see why JB can’t make a tender offer for $33/share and have it cancel if they don’t get 51% of the 108mil outstanding shares.

Then make another proposal to buy NK at $24/share without the previous protections, vote to approve it, and so sorry for those who fought the tender offer. JB saves big $$$
There are SEC rules that come into play once you exceed ownership of 10% of outstanding stock. Plus, the NK BOD can put a poison pill in place. It's not as easy as you make it sound.

Given how the financial markets are behaving, it may be better for B6 to sit back and watch this play out. NK's quarterly results and forward guidance weren't great. I listened to NK's conference call and I didn't get a warm fuzzy from management.
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Old 05-05-2022, 01:34 PM
  #705  
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Originally Posted by Andy
There are SEC rules that come into play once you exceed ownership of 10% of outstanding stock. Plus, the NK BOD can put a poison pill in place. It's not as easy as you make it sound.

Given how the financial markets are behaving, it may be better for B6 to sit back and watch this play out. NK's quarterly results and forward guidance weren't great. I listened to NK's conference call and I didn't get a warm fuzzy from management.
True, I listened to the call as well. They seemed so angry at Jetblue and like emotion was driving their actions.
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Old 05-05-2022, 02:07 PM
  #706  
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Well doesn’t sound like the marriage is going to happen. But can we still be friends?
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Old 05-05-2022, 03:23 PM
  #707  
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Originally Posted by Halon1211
Well doesn’t sound like the marriage is going to happen. But can we still be friends?
Ah, the friendzone….
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Old 05-05-2022, 03:28 PM
  #708  
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Originally Posted by Halon1211
Well doesn’t sound like the marriage is going to happen. But can we still be friends?
Maybe you guys have a shot with Sun Country. I know they’re single and ready to mingle.
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Old 05-05-2022, 03:57 PM
  #709  
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Originally Posted by APCHCLIMB
Maybe you guys have a shot with Sun Country. I know they’re single and ready to mingle.

More like AA.

Once the NEA is approved, the tough part is done. Divest FLL and that's all she wrote.
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Old 05-05-2022, 04:06 PM
  #710  
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Originally Posted by povertyeagle
More like AA.

Once the NEA is approved, the tough part is done. Divest FLL and that's all she wrote.
i too like to fantasize about women I have no shot with.
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