Diamonds and Dogs

5/16/22

Spirit Airline (SAVE) jumps on hostile takeover. Spirit is up 13% as JetBlue continues its persuit of Spirit. Spirit is still planning to merge with Frontier on a $6.6 billion tie up. Now its up to Spirit Airlines shareholders as JetBlue's offer of $33 per share could be a "superior proposal" that shareholders may favor.

Twitter (TWTR) drops again. The social media platform was down 8% as Elon Musk stokes speculation that he could seek to renegotiate his takeover of Twitter Inc., saying a viable deal at a lower price wouldn't be "out of the question." Wedbush analyst Dan Ives says he thinks there is a 50% chance Elon Musk walks away from TWTR deal

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