What does this news REALLY mean...emotion aside?
the 5 yr notes are redeemable at lufthansas discretion, cash or stock... come 2017 if the PPS for JBLU is at 11, these investors are only going to get cash, especially if the offering is priced in at todays price...
its a large number share being distributed from one institutional holding to other institutions. You can verify this via the 8k filed
so it's not dilution ?