Jump to content

 

 

BK press conference


Recommended Posts

Kennedy said he told Miller the best way forward was through a CVA and even invited him to go in with him and TBKs',also said he has the best lawyer in the UK for dealing with a CVA

Link to post
Share on other sites

Press Conf. now finished....

 

I thought that Kennedy in particular came across well.

 

Stated that:

- D&P stated an amount of £8.5m would be acceptable.....BK's met that.

- D&P stated that CW's shares were an issue....BK has written agreement (with conditions) from CW for transfer of shares.

- D&P stated that other bidders were offering more cash up front, but BK's are far further ahead in the process.

- PM stated that he would step down ASAP if the reason for not accepting BK's bid is him personally.

 

They are both unclear as to why their bid hasn't been accepted, when they have met the conditions set by D&P

 

BK also stated that he had been in contact with Bill Miller prior to being PB.....BK offered/suggested that he, BM & TBK's combine their funds to a pot of circa £27m in order get deal done - BM refused as he was dead set for Newco.

Link to post
Share on other sites

If others are offering more money, that, alas, is the proof of the pudding.

 

If you say you'll accept 10M, and someone offers 13M, someone else offering 10M is not going to be accepted.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.


×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.