BunkerF16

What propaganda exactly are you talking about? JB wants to acquire Spirit. They're offering a substantially better financial offer than the Frontier offer. Spirit has a sweetheart deal obviously with Frontier (4 BOD positions + perks from what I heard) that they've been cultivating forever. Trying to use the NEA as a scapegoat for not even evaluating the financial part of the B6 offer is negligence at best. The NEA will be decided on its own merit. There is ZERO reason for B6 to negotiate against itself and turn down the NEA if it has zero bearing on the NK deal. NK declining the B6 offer has ZERO to do with what is better for their shareholders and more to do with what's best for the NK BOD.

We'll see what happens when the institutional investors get involved as major shareholders.

pilotpayne

Against each other. So one ulcc is merging with the other that it competes head to head with. I’m sure once the competition is gone the prices will stay the same

Bluedriver

It's adorable you think that.

JulesWinfield

What you are suggesting is highly illegal and there are multiple 3 letter government agencies looking every closely at this deal from all sides. The Spirit board did their due diligence:

Bluedriver

Why does JB want Spirit? Planes, gates, bases, geographic diversity, scale, as in more JB to help it compete in the marketplace. Scale, via mergers are primarily how DL, UAL, AA and SWA are such powerful competitors in the marketplace and control 80% of domestic traffic.

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Bluedriver

The fact that you don't think they would act in self interest shows you have an astounding lack of understanding of how the corporate and Wall Street class behave. The only way those 3 letter agencies get involved in a matter like this is if the shareholders complain or file suit as this is at some level a judgement call. Just as you can often find data to support the conclusion you WANT to support, in the case of a judgement call like this you can make arguments and/or enlist the help of a consultant to support the conclusion you would like others to believe.

As I've said before, when the financial disparity is this great, it should be up to the shareholders to take on the regulatory risk for the price premium. The fact that the BOD is fighting to keep that from happening is enlightening. BODs are their to represent the shareholders, to a point. But when the decision is this consequential it's the shareholders decision.

JulesWinfield

Please tell me about your extensive experience in the corporate world. Maybe Charles River should hire you and get your expert opinion next time. What's more likely? That the board did their due dilligence and hired an outside consultant agency who specializes in mergers and acquisitions, or they just went rogue and disregarded their fiduciary duties? They're both possible, but one is more likely than the other.

IWalkJun12

if he’s right are you willing to leave the board for a year?

Bluedriver

Aside from the merits of this discussion, you have made clear in your own forum that you agree with the Spirit BODs decision, or at the very least they have given you (at least appears to have) the outcome YOU desire. So you will justify, and will choose to see everything through that lense.

There's an old saying that applies to you, it goes something like this: it's hard to get a man to understand something when his livelihood depends on him not understanding it.

Bluedriver

No, I'm not.

You're stuck with me.