Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.
Sorry I've probably missed this, but where are we getting the "no formal bids" from?
Also, do we know how we're defining "formal bid?" Because some numbers must have been mentioned to get to the due diligence phase.
To take an example from really early in in my career, a company I was part of was looking to buy a company we had a relationship with, and it was widely agreed that the figure would be somewhere between $12-15m. So as we got close-ish to closing the deal, their senior people said "oh that $15m figure doesn't include our buyout clauses and stock potentials" or something along those lines. So in the end we made one final "take it or leave it offer," which was the only (or second, can't remember) "formal offer" we made.
Sorry, this is all a long way of saying a "formal offer" may just be the last offer or an offer made very near to the end. As in you agree a ballpark/range, undergo dd and all that, haggle back and forth, and then submit your formal offer.
As the Chinese say when discussing the internal machinations of the ruling Communist Party, "Those who talk really don't know and those who really know don't talk."
Three groups still negotiating. No formal bids and yet the information we are getting is that it will be done within four weeks.
Sorry I've probably missed this, but where are we getting the "no formal bids" from?
Also, do we know how we're defining "formal bid?" Because some numbers must have been mentioned to get to the due diligence phase.
To take an example from really early in in my career, a company I was part of was looking to buy a company we had a relationship with, and it was widely agreed that the figure would be somewhere between $12-15m. So as we got close-ish to closing the deal, their senior people said "oh that $15m figure doesn't include our buyout clauses and stock potentials" or something along those lines. So in the end we made one final "take it or leave it offer," which was the only (or second, can't remember) "formal offer" we made.
Sorry, this is all a long way of saying a "formal offer" may just be the last offer or an offer made very near to the end. As in you agree a ballpark/range, undergo dd and all that, haggle back and forth, and then submit your formal offer.
Exactly. A firm bid can often be the final stage once negotiations have established the proposed terms, conditions and financial parameters of the deal. Then it moves very fast.
On the train and just heard an Aussie bloke wearing a kilt and drinking a can of red bull, talking on his phone about "needing another gross weight of duck tape to get the deal over the line".
On the train and just heard an Aussie bloke wearing a kilt and drinking a can of red bull, talking on his phone about "needing another gross weight of duck tape to get the deal over the line".
On the train and just heard an Aussie bloke wearing a kilt and drinking a can of red bull, talking on his phone about "needing another gross weight of duck tape to get the deal over the line".
Proper confused now. Probably nothing.
Stopped reading at 'On the train' which is obviously a lie.
On the train and just heard an Aussie bloke wearing a kilt and drinking a can of red bull, talking on his phone about "needing another gross weight of duck tape to get the deal over the line".
This thread is going to descend into a mass brawl, complete with custard pies, flying furniture and hair pulling, at which point a little known member of the forum will turn up and quietly announce that our take over by Jeff Bezos, Warren Buffett and Bill Gates has just gone through.
Nah, the takeover will be by Jeff Stelling, Sue "eating the buffet" Parkes and Gareth Gates
This thread is going to descend into a mass brawl, complete with custard pies, flying furniture and hair pulling, at which point a little known member of the forum will turn up and quietly announce that our take over by Jeff Bezos, Warren Buffett and Bill Gates has just gone through.
Nah, the takeover will be by Jeff Stelling, Sue "eating the buffet" Parkes and Gareth Gates
This thread is going to descend into a mass brawl, complete with custard pies, flying furniture and hair pulling, at which point a little known member of the forum will turn up and quietly announce that our take over by Jeff Bezos, Warren Buffett and Bill Gates has just gone through.
Nah, the takeover will be by Jeff Stelling, Sue "eating the buffet" Parkes and Gareth Gates
Konsa staying is hopefully an indication that a deal is close
Or, playing devil's advocate that it isn't close.
Maybe Duchatelet thinks he'll get more for him in the summer or thinks that keeping him gives us more chance of promotion so he can sell the club for more in the summer.
I suspect it is now no longer relevant either way.
Konsa staying is hopefully an indication that a deal is close
Or, playing devil's advocate that it isn't close.
Maybe Duchatelet thinks he'll get more for him in the summer or thinks that keeping him gives us more chance of promotion so he can sell the club for more in the summer.
I suspect it is now no longer relevant either way.
Comments
Also, do we know how we're defining "formal bid?" Because some numbers must have been mentioned to get to the due diligence phase.
To take an example from really early in in my career, a company I was part of was looking to buy a company we had a relationship with, and it was widely agreed that the figure would be somewhere between $12-15m. So as we got close-ish to closing the deal, their senior people said "oh that $15m figure doesn't include our buyout clauses and stock potentials" or something along those lines. So in the end we made one final "take it or leave it offer," which was the only (or second, can't remember) "formal offer" we made.
Sorry, this is all a long way of saying a "formal offer" may just be the last offer or an offer made very near to the end. As in you agree a ballpark/range, undergo dd and all that, haggle back and forth, and then submit your formal offer.
Proper confused now. Probably nothing.
Just let that sink in for a little while
Then we will be bigger than The Massives.
Maybe Duchatelet thinks he'll get more for him in the summer or thinks that keeping him gives us more chance of promotion so he can sell the club for more in the summer.
I suspect it is now no longer relevant either way.
Konsa stays - A sale must be imminent and RD didn't want the club to lose value.
Confirmation bias at work right there.