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  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 43 slides",
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      "text": "Spirit's Board undertook a thorough, deliberate review of JetBlue's offer and made a well-informed, unanimous decision",
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      "text": "JetBlue’s cash offer is highly opportunistic when Spirit's stock is near all-time lows, and it excludes Spirit shareholders from participating in the upside of airline industry recovery and synergies",
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      "text": "JetBlue has made numerous false claims about Spirit and the superior Frontier merger",
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      "text": "We believe JetBlue’s real motivation is to break up the Spirit / Frontier merger and prevent the creation of a stronger combined competitor",
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      "text": "JetBlue's regulatory case is weak and defies common sense - the JetBlue “offer” is illusory as it is not reasonably capable of being consummated",
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