Spirit Airlines, Inc. SAVE
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Here are the outlets reporting the deal will be for 34.15 per share.
https://www.theverge.com/2022/7/28/23282392/jetblue-spirit-merge-acquire-airline-frontier-reject
https://www.cnbc.com/2022/07/28/jetblue-airways-reaches-deal-to-buy-spirit-airlines.html
https://www.npr.org/2022/07/28/1114226031/jetblue-spirit-deal-merger
The deal is done. JET BLUE AND SPIRIT HAVE MADE THE DEAL!
https://www.nytimes.com/2022/07/28/business/jetblue-spirit-merger.html
Breaking: Person present at Spirit / JetBlue meetings leaked to Veritas Cocktail that the deal is almost complete at 35 per share, 3 dollars up front, 20 cents after Jan 1st per month and upped break-up fee to 500 Million. IMO Spirit had no choice but to take the deal. If they took the Frontier offer, the stock would plummet and if they took NO DEAL the stock would plummet. The only thing keeping Spirit stock where it’s at is the possibility of the Jet Blue deal. That and the multi BILLION DOLLAR class action lawsuit it would cost Spirit if Ted and the BOD decided to stay a stand alone company denying their shareholders a 30% increase in their stock value. Veritas Cocktail also reported the huge amount of class action chatter on the Lexis Nexis.
We will get the 30 price, and who didn’t tender will stuck at 22
Is it this hard for people to understand? If you vote YES for the Frontier deal YOU WILL ACTUALLY LOSE MONEY. FOUR DOLLARS PER SHARE LESS THAN WHAT THE STOCK IS WORTH TODAY. So VOTE NO!
Whoever didn’t tender the $30 offer last week will stuck on $24 ??????
Anyone who voted yes on the Frontier deal IS A COMPLETE IMBECILE. The stock will NEVER go over 15 a share
Hahahahahahajahah ??????
The Jet Blue deal is going to happen because Ted and the BOD don’t want to go the way of ENRON. They don’t want a house investigation or a special council to see why 19 dollars a share is somehow a better deal for the SHAREHOLDERS than 33.50 a share. They don’t want the BILLIONS in class action lawsuits. Because this is the path they will choose if they choose the Frontier deal. Jet Blue knows this, that’s why they added more money, route changes like $AAL just did, and a 500 MILLION guarantee that Spirit gets regardless if the deal is approved or not. Jet Blue will do everything it takes to get this done and approved. But I’m telling you right now that Ted and the BOD will face PRISON if they choose the personal kickbacks rather then what’s best for the shareholders.
I tendered the $30 offer already with my broker
