Doogie may not have a choice in the matter. Have you seen your stock price lately USA320Pilot? Ever since it's meteoric rise to $62-63 a share right after the announcement, it's been in a slow steady decline. Another buck or two and Doogie's gonna have to throw in more stock options just to keep the deal at $8 billion flat, a far cry from when my good friend USA320Pilot was bragging that due to the rise in LCC stock, the deal was then worth $8.8 billion, AND SURELY THE CREDITORS WOULD PRESSURE DELTA ON THE DEAL!!!
I guess that same principle works should the price continue to plummet no? As far as Doogie saying he won't up the offer, my guess is he shot himself in the foot when he came out and said Delta overvalued itself at $9-12 billion, which, according to Doogie's math, meant LCC was already overpaying for Delta. Chase Bank has probably told Doogie to look elsewhere. Man, that guy sure likes playing with other peoples money.