This is an especially interesting transaction as JetBlue traded below $6 today and the transaction values JetBlue at $7.27 which is higher than the stock traded at any point today. You would think that Lufthansa could have accumulated stock less expensively on the open market than to have entered into this transaction. As for JetBlue, it is clearly the best of the US airlines, but I don't think that airlines are investible now (or ever).

 

Submitted: Dec 13, 2007    Views: 110    Comments: 0    Likes: 2   


View Article: http://biz.yahoo.com/ap/071213/jetblue_lufthansa.html



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