Yeah - all about the risk profile and if/when senior management at PRU can make a decision and how timely it is, surely they will all be back on deck soon from holidays to make a decision either way?
These "no shop" and "no talk" conditions are a real impediment for shareholders and for other parties in M&A to get due diligence done, and I wish this practice could be stamped out. It gives too much advantage to first-mover predators/bidders and wouldn't be tolerated in any other market situation, it's like turning up at the auction early, dropping in a low ball bid, telling the auctioneer to close up the property, and instructing them not accepting any other bids....
Still getting over the slow chess/torture of the CDV takeover.
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