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BK press conference


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Why didn't TBK/BK have this press conference weeks ago? If they did the pressure on D&P would have been immense.

 

Perhaps because there was no agreement re Whytes' shareholding and despite Duff & Phelps public utterances they were not in a position to deliver them.

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Why didn't TBK/BK have this press conference weeks ago? If they did the pressure on D&P would have been immense.

 

Maybe a strategy for now? A few weeks ago they didn't have Whyte's agreement on the shares.

Now they do, potentially now this will have an effect. Not much of a loud questioning of D&P by fans yet, focus on bidders. Maybe now we should change that round

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Perhaps because there was no agreement re Whytes' shareholding and despite Duff & Phelps public utterances they were not in a position to deliver them.

 

Undoubtedly but they still could have used this tactic before now. Have said so several times.

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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.

 

Thankd, bud. :tu:

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