Thursday, December 20, 2007

3 Pictures, 3,033 Words

December 13, 2007: Lufthansa buys a 19% stake in JetBlue (JBLU) for $7.27 per share.

JetBlue CEO Dave Barger said selling the stake to Lufthansa was a "short, quick decision." (Bloomberg)

No shit, really?
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November 14, 2007: Hedge fund Pardus Capital sends a letter to Delta Air Lines (DAL) urging an immediate merger with United Airlines.

“We will do everything we can to kill this merger.” — Lee Moak, head of Delta's pilots' union (DealBook)

So that's what $140 million sounds like when it's flushed down the toilet.

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June 21, 2007: The Blackstone Group (BX) prices its initial public offering at $31.00 per share.

"I think the public markets are over rated." — Stephen Schwarzman (Reuters)

Ya think?

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For those of you who have nothing better to do but check my word count, the total excludes my editorial commentary and the mouseover nuggets hidden in the pictures. You better watch out, though, or you're going to end up like that poor slob at UBS in London who spent two hours looking at this blogsite a couple of days ago: bored and unemployed.

© 2007 The Epicurean Dealmaker. All rights reserved.