It is a bit surprising that they didn’t use neutral 3rd party as arbiter, and that they didn’t go ahead with Dutch auction. They would be done in few hours with

It is a bit surprising that they didn’t use neutral 3rd party as arbiter, and that they didn’t go ahead with Dutch auction. They would be done in few hours with very close result. Another surprising thing is that there were no good will clause, ie that they could terminate auction and refuse to work for the winner (which they effectively did).