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Re: DIC: takeover thread
Gillett wouldn't have to accept an offer from Hicks (unless he'd invited Hicks to make an offer in a way that he couldn't then get out of). But he can't accept one from DIC after turning one down for the same amount from Hicks.
And of course it's not just down to the amount. In the same way that £1m + Carson + Riise is not the same as £10m cash, or £10m cash over three years is not the same as £10m cash now, Hicks' offer might not be the same as DIC's.
So hypothetically if Hicks made a 200 million bid for Gillette's shares and he knocked it back, and DIC made a 210 million bid he could accept their offer? I know thats very simplistic but in theory?
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