1. HC posters have stated that they believe there are another 2 interested parties who have been given access to the data room. This access granted in the last few days/week ( I assume). 2. Previous posts on HC suggested that there were up to 4 interested parties in the DR. 3. The US and GS in particular utilise a sale process that is foreign to me, but in essence is called a friendly takeover, and I think by neccessity takes longer to execute. 4. I assume that this friendly sales process has to have a mechanism that will extract bids and I assume that there is a drop dead date for "final" bids. Given the recent entry of 2 new parties I would assume that thhis date may be extended. 5. I also do not believe that these will be "final" bids. With potentially up to say 4 parties taking part in the last stages I would have thought that this will involve a reasonable amount of horse trading and time until GS know they have extracted the best bid. 6. At this point in time I also think it is very important to point out the fact that the client of GS is NOT the company, it is NOT the SH, it is NOT the Directors. The transaction itself is the client of GS. This concept will drive all of GS actions and any announcements.
Given the above I would have thought that timing for any bids maybe 2-4 or even 6 weeks away. This is way longer than I originally anticipated.
With GS sole focus being the transaction I am confident that for those SH who hold on they will be rewarded.
Good luck everyone.
PS - My preference for a party is Ibiza, Spain
MAE Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
