Spirit (SAVE) to $24 fast
Spirit Airlines (SAVE.US) DOJ blocked the deal, saying it would hurt consumers by eliminating the cheaper airline....but if the merger doesn't go through, the airline would go under infact, eliminating the cheap airline.
so the appeal is probably going to work in favor of spirit.
Also spirit is restructuring some of it debts and can be saved literally.
so the appeal is probably going to work in favor of spirit.
Also spirit is restructuring some of it debts and can be saved literally.
The buyout is for $24 or $3.5 billion
current market cap $700 million at $8
the stock is going to skyrocket higher to around $24
expect news before Friday
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Muletwo : your bags how heavy
101698238 : real
kevin ryan OP Muletwo : I bought at $6 so pretty light bro
102475142 : You don't have to reveal your sources but can you confirm by Friday there's good news?
QianmengYu : DoJ’s comment has no ground at all. Low cost airlines are not really cheap for an average traveller. After adding luggage, meal and drink, chance of delay and denial of boarding, spending should be similar. Low cost airlines actually offer a choice for service level. Full service airlines sometimes sell cheaper ticket. Although there is no Cartel of course, industry still have somewhat convention to prevent ticket price too low and hurt everyone… As low as Spirit offers…