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I wouldn't expect to hear anything until tomorrow. Evaluating such bids can be quite complex because contingencies and limitations can differ between bids (eg c
by mrandish 4y ago
I wouldn't expect to hear anything until tomorrow. Evaluating such bids can be quite complex because contingencies and limitations can differ between bids (eg cash injection, equity pricing, liability assumption, time windowing, bridge requirements, backstop guarantees and negotiating the degree of temporary regulatory loosening following the transaction). There will be significant back and forth between the top bidders and regulators following the final bids as they work to reconcile different bid elements against the regulator's ranked priorities.