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  "documentTitle": "Spirit | Mergers and Acquisitions Presentation Deck | 43 slides",
  "authorId": "spirit",
  "authorName": "Spirit",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "Uses a decision tree to argue that all paths lead to a negative outcome for the target company's shareholders.",
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      "kind": "callout",
      "text": "The anticompetitive NEA should be blocked and Spirit cannot commit to a deal that leaves its shareholders on the sidelines while JetBlue engages in a litigation marathon with DOJ",
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      "text": "We consider JetBlue’s simplistic view on litigation outcomes to be severely flawed, inaccurate and misleading. If JetBlue wins or settles... If JetBlue loses... Neither outcome changes... In all cases, Spirit shareholders lose...",
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      "text": "JetBlue’s Unrealistic Regulatory Analysis Results in an Illusory Offer",
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      "text": "Spirit Shareholders Lose in All NEA Litigation Scenarios",
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