Thread: DIC: takeover thread
View Single Post
  #4767 (permalink)  
Old 14th May 2008, 06:48 PM
aws's Avatar
aws aws is offline
TLW Consigliere
  
Join Date: Aug 2002
Location: On a mattress, NYC.
Posts: 12,670
vCash: 500
aws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimersaws rules harder than the Proclaimers
Re: DIC: takeover thread
Originally Posted by Bernard Diomede View Post
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?

Yes. He could accept a higher offer from DIC but not the same or a lower offer.
__________________
You're taking this too personally, Sonny!
Reply With Quote