That exclusivity for extra 60 days.20 Oct 2010 15:54
has to be a clear conflict of interests here.They have locked LIberty out whilst safeguarding their own interests.Also although the $1m is described as non refundable it would be deducted from sales consideration.Press release does not say if this is truly non refundable if 60 day extension goes by without a deal being consummated.
Seeing earlier posts ,as a former MD the timescales for the deal were overly generous in the first place.I have the view that two things are stopping the deal...no finance/potential litigation