If it is a truly competitive situation and each party wants to implement their own strategy, then what's stopping either party from launching an unconditional tender offer to get to 50% first?
It looks like the bids are due to the special committee by 7/31. Is there potential for counter offers after that deadline, or do both parties have to just submit best offer by that date?
If it is a truly competitive situation and each party wants to implement their own strategy, then what's stopping either party from launching an unconditional tender offer to get to 50% first?
https://stocktwits.com/jbraun123/message/580010326
It looks like the bids are due to the special committee by 7/31. Is there potential for counter offers after that deadline, or do both parties have to just submit best offer by that date?