SAVE trading below JBLU offer?

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MrBlonde
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Joined: Thu Oct 27, 2022 9:30 am

SAVE trading below JBLU offer?

Post by MrBlonde »

Any opinions why SAVE is not trading closer to the JBLU offer price of $33/share? Right now this appears to be a pretty good discount with SAVE last around $21. The deal has received shareholder approval. I'm just curious why people think "the market" is not buying into the $33 price? I would think, watching other purchase deals in the past, that SAVE might be a least trading in the high 20s.
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