RE: CAW's bidding war2 Feb 2021 21:38
Evening Mac and all,
We have to be very , very close to final binding offers .
Companies have had months to prepare their none binding offer , they have completed their due diligence up to this point.all they have to do is check the none binding offer that was submitted and perhaps add a little more meat onto the bones based on feedback from EUA.
It doesn’t make any sense for EUA to set a deadline of 2,3,4 months for binding offers to be submitted. A hell of a lot can change the longer the deadline be it a world event or a bidders position/situation changes .
It’s is in EUA,s interests for the binding offers deadline to be as short as possible.
AC last week was clearly doing some last minute admin/tax dodge , he is an ex senior banker from two of the biggest banks and will know exactly what deadline would probably be in place .
I hope for us all I am on the money , as ever time will tell........
GLA