{
  "docId": "019de072-c3e2-70bb-a7ce-2b83a2d54b6f",
  "docSlug": "92cd3826af300dc29bb34ec88c17a00a",
  "documentTitle": "jetBlue | Mergers and Acquisitions Presentation Deck | 37 slides",
  "authorId": "jetblue",
  "authorName": "jetBlue",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2022-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 33,
  "pageCount": 37,
  "prevPage": 32,
  "nextPage": 34,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses 'X' icons to emphasize negative actions by the target board.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de072-c3e2-70bb-a7ce-2b83a2d54b6f/33",
  "deckHref": "/decks/019de072-c3e2-70bb-a7ce-2b83a2d54b6f",
  "deckJsonHref": "/decks/019de072-c3e2-70bb-a7ce-2b83a2d54b6f.json",
  "deckAnchorHref": "/decks/019de072-c3e2-70bb-a7ce-2b83a2d54b6f#slide-33",
  "components": [
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.81
      },
      "kind": "callout",
      "text": "While JetBlue acted in good faith and gave Spirit’s Board the benefit of the doubt for over a month, the Spirit Board’s real objective was to defend the inferior transaction with Frontier",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ea6b442-ee6e-4fd8-8688-4960521c24e6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.85,
        "x": 0.09,
        "y": 0.69
      },
      "kind": "list",
      "text": "Not once did Spirit attempt to renegotiate with Frontier",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4cf14154-0ab5-4f26-9ad4-89cb0c83d163",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.09,
        "y": 0.18
      },
      "kind": "list",
      "text": "Spirit’s Board misled investors about its willingness to negotiate with JetBlue; it did not engage in good faith",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99964dc2-2119-45d9-9ddf-f3905524c189",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.09,
        "y": 0.5
      },
      "kind": "list",
      "text": "Spirit’s Board responded to JetBlue’s initial proposal only after a significant delay and after the JetBlue proposal was made public, and then made contractual demands that were unprecedented in airline transactions",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c075dc60-fa0f-4387-8a50-d54027fe1039",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.09,
        "y": 0.34
      },
      "kind": "list",
      "text": "Spirit’s Board provided very limited information making it impossible for JetBlue to complete its due diligence",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f2ed3f5d-e76a-42cc-b2e7-ba5722334fbb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.07
      },
      "kind": "title",
      "text": "Spirit’s Board has continuously stonewalled JetBlue",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9f7f41a9-402e-4ed5-93cd-4ee216774f16",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "af6907fc-3a47-41d5-b44c-272b1eb06990",
      "evidence": "Frames the Spirit Board as the antagonist obstructing a beneficial deal.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 37,
      "from": 17,
      "beatId": "b7337aa6-19c2-4955-8cdf-da8fdfaa8042",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The document presents JetBlue's proposal as a superior alternative",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}