Quote:
Originally Posted by woo-lfc
Would Gillette have to tell Hicks how much higher the offer was. I know its soft but say for example Hicks matched DICs bid of £200m, then DIC offered an extra £100, would Gillette have to tell Hicks how much more DIC offered and give Hicks the chance to match the offer again?
If Gillette doesnt have to say anything then this may not be that big a problem.
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I'm guessing he would have to inform Hicks that DIC raised their offer and he would give him a ball park figure and considerably shorter time to raise the finance.