stewarty 1,878 Posted April 5, 2011 Share Posted April 5, 2011 I think we should leave the gay badinage to others, eh darling? 0 Quote Link to post Share on other sites More sharing options...
Stefanovitch 0 Posted April 5, 2011 Share Posted April 5, 2011 Get a room you two :admin: 0 Quote Link to post Share on other sites More sharing options...
Guest Pokeherface Posted April 5, 2011 Share Posted April 5, 2011 Frankie, Bluedel, would Murray not be tied to exclusivity as part of the process with Whyte? 0 Quote Link to post Share on other sites More sharing options...
maineflyer 0 Posted April 5, 2011 Share Posted April 5, 2011 Frankie, Bluedel, would Murray not be tied to exclusivity as part of the process with Whyte? Without doubt. There may be reason why exclusivity could be terminated but these would be rarely triggered. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,356 Posted April 5, 2011 Share Posted April 5, 2011 Frankie, Bluedel, would Murray not be tied to exclusivity as part of the process with Whyte? I'm not as convinced as MF that exclusivity would necessarily be granted. I could see Murray refusing to grant it as it's the sort of guy he appears to be. I've come across cases in the past when the seller feels he's in a strong position and it's not been given. However you would normally expect it to be available. 0 Quote Link to post Share on other sites More sharing options...
Guest Pokeherface Posted April 5, 2011 Share Posted April 5, 2011 I had thought it was mandatory. So it is usual practice but not a cast iron cert? cheers. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted April 5, 2011 Share Posted April 5, 2011 I can see Whyte demanding it when you consider the trouble and expense of the due diligence. 0 Quote Link to post Share on other sites More sharing options...
ascender 352 Posted April 5, 2011 Share Posted April 5, 2011 I can't see Murray doing anything which might limit his options although was there a period of exclusivity mentioned around the due diligence? I seem to remember some mention of it then. Results look awful for MIH as well. Under normal circumstances I'd say this was more smoke and mirrors to deflect from those results, but with all the activity over the last 4 or 5 days it looks like various parties are trying to force the hands of others. 0 Quote Link to post Share on other sites More sharing options...
maineflyer 0 Posted April 5, 2011 Share Posted April 5, 2011 I'm not as convinced as MF that exclusivity would necessarily be granted. I could see Murray refusing to grant it as it's the sort of guy he appears to be. I've come across cases in the past when the seller feels he's in a strong position and it's not been given. However you would normally expect it to be available. You're quite right, it's not always granted. However, very few (I've never seen one) deals would get to an indocative offer let alone DD without it. I can't believe Whyte would have come to the table without an exclusivity agreement signedand sealed. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,356 Posted April 5, 2011 Share Posted April 5, 2011 You're quite right, it's not always granted. However, very few (I've never seen one) deals would get to an indocative offer let alone DD without it. I can't believe Whyte would have come to the table without an exclusivity agreement signedand sealed. I've been involved with one. Just completed DD, about to finalise financing of an agreed 9 figure purchase for a client (many years ago) and an American company swoops in and purchases the subject for cash. A real kick in the teeth. 0 Quote Link to post Share on other sites More sharing options...
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