Earlier this month, Zendesk said it had completed a strategic review and planned to remain an independent and publicly traded company, driving a final nail into the coffin of buyout rumors. Or so it seemed. by KevinDowd
the full story on the latest funding
. The endorsement of ISS came shortly after Frontier increased its cash-and-stock offer to the equivalent of $24.29 per share, and just a few days later JetBlue increased its competing all-cash bid to $33.50. About 80% of Frontier’s offer is in stock, though, so Monday’s dip knocked about $2 per share off the proposal’s value.
We’ll soon see if pure dollars and cents are more convincing to Spirit shareholders: They’re scheduled to vote this Thursday on which offer to accept.Donald Trump
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