In the courtroom.
11-15-2023, 03:37 PM
#191
New Hire
Joined APC: Sep 2023
Posts: 6
You will receive $31.00 per share at the close of the deal. I believe the ticking fee is only deducted from the cancellation clause of $3.50 per share (approximately). Shareholders would get this if the deal does not go through. If you received the $2.50 prepayment and at least a $1.00 worth of the ticking fee then you would get nothing as a result of the $400 million break up fee. If you did not receive the prepayment then you would get some portion of the $3.50 - the ticking fee received.
11-16-2023, 03:30 AM
#192
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,171
I found it in 2.1(a).
Basically, $33.50 minus $2.50 (Approval Prepayment Amount) minus the lesser of $1.15 or monthly $.10 payment amount (Additional Prepayment Amount) = $29,85.
Before the November $.10 prepayment is made, the final payment is $30.00/sh
Before Dec prepayment, the final payment is $29.90
After the Dec prepayment, the final payment is $29.85.
11-16-2023, 08:50 AM
#193
New Hire
Joined APC: Sep 2023
Posts: 6
https://www.sec.gov/Archives/edgar/d...19514dex21.htm
I found it in 2.1(a).
Basically, $33.50 minus $2.50 (Approval Prepayment Amount) minus the lesser of $1.15 or monthly $.10 payment amount (Additional Prepayment Amount) = $29,85.
Before the November $.10 prepayment is made, the final payment is $30.00/sh
Before Dec prepayment, the final payment is $29.90
After the Dec prepayment, the final payment is $29.85.
I found it in 2.1(a).
Basically, $33.50 minus $2.50 (Approval Prepayment Amount) minus the lesser of $1.15 or monthly $.10 payment amount (Additional Prepayment Amount) = $29,85.
Before the November $.10 prepayment is made, the final payment is $30.00/sh
Before Dec prepayment, the final payment is $29.90
After the Dec prepayment, the final payment is $29.85.
11-16-2023, 01:45 PM
#194
Gets Weekends Off
Joined APC: Nov 2015
Posts: 1,522
correct. Thanks for the link. that’s exactly what I was referring to. Now the great thing is that they will pay a ticking fee of $0.10 per month up to $1.80 but only the first $1.15 gets deducted from the $33.50 price. So the longer this drags out, the more you will actually get paid and the price per share will actually increase above $33.50 in total compensation (assuming you’ve had the stock the entire time)
11-16-2023, 01:52 PM
#195
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
11-16-2023, 04:18 PM
#197
Gets Weekends Off
Joined APC: Feb 2015
Posts: 1,142
11-16-2023, 06:09 PM
#198
Gets Weekends Off
Joined APC: Dec 2022
Posts: 869
11-16-2023, 06:17 PM
#199
Gets Weekends Off
Thread Starter
Joined APC: Oct 2017
Posts: 3,233
11-16-2023, 07:47 PM
#200
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,920
Anyone who owns shares if the merger closes will be paid ~$30 per share they hold. Doesn't matter what you paid for that share. If the merger doesn't close, a Spirit shareholder is likely looking at ~$4 a share. Complete wild a$$ guess. It's a risky risk. Could win big, could lose big.
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