jbmcnamee
The Spirit board of directors asking shareholders to walk away from a 60% higher offer is going to be a tough sell for any institutional investors who are more interested in profit than making a good fit with Frontier. However, I must admit that the Jet Blue offer sounds like their intentions are to limit competition from a Spirit/Frontier merger. If they gobble up Spirit, there is less competition to be had. In this day of merger mania, it is hard to predict whether the FTC would step in or not.
