SAVE trading below JBLU offer?
SAVE trading below JBLU offer?
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.