JetBlue Jumps In With premium Offer For Spirit

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swamt

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Not to say that JB could not throw another increased offer out there, or at leased an improved offer, but I still thick the biggest hold up (as far as Spirit is concerned) is that NEA agreement with AA. If they keep glued to that agreement so strong they will not get approved by the BOD at Spirit. And as the article below indicates, it is odd to ask the DOJ to bless something when you just made a large agreement with a big legacy carrier and turn around and make an offer to remove the last long standing ULCC (Spirit) That speaks volumes and volumes of ANTI-competitive actions. And I am sure JB does in fact want to buy Spirit, and very well may make a better offer to try and get that done, but I still see it as Spirit does and it would be extremely hard to get it all approved by the gov...


 
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swamt

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If I am not mistaken this was the third time JB got left out of the merger seen (could be second but not sure). Maybe JB can throw an offer bid out to Sun Country or someone else to mill over since JB is now in the merger mood...


 
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swamt

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And now a HOSTILE take over bid. JB is determined not to get left out. Just not to sure if their message will get heard. I mean how can shareholders really believe that if they vote NO now, that JB and Spirit could return to the table (with a lower offer than before) but all cash and get approval by regulators who are already facing suit against the JB/AA agreement? I see a more easily attained merger with Frontier. Getting more interesting...


 

eolesen

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Conventional wisdom is that the deal with AA is dead if the Biden Admin does a review.

This is Jetblue's insurance policy for if/when that ruling comes down. Spirit's been quite vocal in their opposition to it. This kills two birds with one bid.
 
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swamt

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Oct 23, 2010
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Agree, I too believe the AA/JB deal will die when they do a thorough review.

Breaking News:

JetBlue, all of a sudden, hires Ellen Ham as new VP of Labor Relations.
Very convenient when the Mechanics and MC's are soon to be getting enough cards for a possible vote for representation from AMFA. JetBlue Mechanics and MC's may wanna step it up a bit like the Spirit Mechanics did PRIOR to a merger. Especially now that JB is getting even more aggressive with their desire to purchase Spirit and STOP the Frontier/Spirit merger. If JB could get on the ball and get enough cards from the groups it would be very beneficial and a much much smoother transition if BOTH carrier were represented by the same AMFA union that would better fit the Class and Craft of Mechanics and Related.
Good luck to all involved. I guess with all the pick up in the workgroups at JB wanting union representation the co. sees a need for a new VP of Labor Relations...


 
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swamt

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Spirit again REJECTS JetBlue's 2nd hostile offer to merge with Spirt. Frontier applauds Spirits BOD for requesting shareholders to REJECT the JB offer and accept the Frontier merger.
I will never claim to know how these mergers will end up when it comes down to the shareholders, but it does appear it will be 100% up to the shareholders vote @ Spirit. The waiting period for this vote to be tallied will be tense to say the least for Spirit and Frontier's BOD's...


 

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