yes staggering it is...
only going by today's AFR article and if it is on the money - did BBG management get wind that the Sycamore would leak the new revised lower ball figure to the AFR, hence the need for a TH ?
if the lower revised offer was in the order of say anywhere from 48-60c, they would have been best to let it trade and see some sp upside from 45c ?
so now I am starting to think, has the TH been called as the new revised low ball offer is now sub 45c ?
As you mentioned barb, Sycamore know how to bleed these target companies and get the deal they want on their terms and at their price...
Maybe next time I am looking to buy a house, investment property or even a new car, might look them up and get them to negog on my behalf.
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