If I may add another thought, given both offers are via a SoA...

If I may add another thought, given both offers are via a SoA they require board approval. Now this may be a case of Bain or whoever the mysterious second bidder was, not liking what they found during DD.

Or it could be a case of the price getting to high for them during negotiations between TPG, our mystery bidder and the BBG board. Just my thoughts, of course could be another hundred different reasons too.

Cheers,

JB