Spirit of NKS part VII (The final Chapter)
01-19-2024, 06:00 AM
#31
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I give it less than 50/50 that JetBlue appeals the ruling, especially given the terms of the way this deal was structured. What I see as more feasible, though still highly unlikely, is JetBlue dropping the deal, renegotiating terms (buyout price, and such), then move forward with a new deal in hopes that a more favorable DOJ is in place and the new agreement wouldn't go to a trial again.
01-19-2024, 06:25 AM
#32
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Not to mention theres a new incoming CEO of Jetblue. If I'm the new CEO of Jetblue, last thing I'd want is the stank of a failed merger dragging on for another year, this seems like a perfect opportunity to pivot away. Or if they are going to play the merger game some more, take a shot at Hawaiian.
Last edited by Flika; 01-19-2024 at 06:39 AM.
01-19-2024, 06:31 AM
#33
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I give it less than 50/50 that JetBlue appeals the ruling, especially given the terms of the way this deal was structured. What I see as more feasible, though still highly unlikely, is JetBlue dropping the deal, renegotiating terms (buyout price, and such), then move forward with a new deal in hopes that a more favorable DOJ is in place and the new agreement wouldn't go to a trial again.
01-19-2024, 06:33 AM
#34
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01-19-2024, 06:33 AM
#35
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I don't see this as hopeful. If Spirit is having to convince Jetblue to appeal, that means that Jetblue has indicated that they don't want to appeal/they don't think an appeal would be successful. Not saying they won't appeal but, I would be much more hopeful if they were both on the same page.
Not to mention theres a new incoming CEO of Jetblue. If I'm the new CEO of Jetblue, last thing I'd want is the stank of a failed merger dragging on for another year, this seems like perfect opportunity to pivot away. Or if they are going to play the merger game some more, take a shot at Hawaiian.
Not to mention theres a new incoming CEO of Jetblue. If I'm the new CEO of Jetblue, last thing I'd want is the stank of a failed merger dragging on for another year, this seems like perfect opportunity to pivot away. Or if they are going to play the merger game some more, take a shot at Hawaiian.
01-19-2024, 06:49 AM
#36
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Joined APC: Oct 2017
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I give it less than 50/50 that JetBlue appeals the ruling, especially given the terms of the way this deal was structured. What I see as more feasible, though still highly unlikely, is JetBlue dropping the deal, renegotiating terms (buyout price, and such), then move forward with a new deal in hopes that a more favorable DOJ is in place and the new agreement wouldn't go to a trial again.
Both Jetblue AND spirit have to agree not to appeal. It’s in their terms of agreement of the merger.
01-19-2024, 06:52 AM
#37
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01-19-2024, 06:58 AM
#39
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01-19-2024, 07:10 AM
#40
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Posts: 467
they have already paid nearly $400 million of that to shareholders. They still owe $70 million to NK directly when deal is officially dead. So they ‘only’ have 70 million left to pay. Give or take a peso or two.
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