Aug. 21 at 4:28 AM
$TTOO
Asked AI about timeline regarding counter offerings.
AI can make mistakes so please keep that in mind..
if multiple buyers where interested in T2 what are the rules regarding timelines.....
When buying out a company in a competitive bidding situation, the timeline for counter-bids is not usually a fixed, externally regulated period like it might be in some real estate transactions or public tender offers. Instead, it's typically set by the seller and their advisors to create a structured and competitive process.
Seller's Discretion: The seller, often with the help of M&A advisors, designs and manages the bidding process, including setting deadlines for counter-bids. (crucial for maintaining momentum and leverage.)
Process: The sale of a business in this scenario often resembles an auction, with structured rounds of bidding and negotiation. This includes setting timelines for the submission of initial offers, management presentations or site visits, and final "best and final" bids.