Post by
CDNOil on Apr 10, 2014 4:32pm
Settle down people
I agree with Fullblast.
The bidding process is still ongoing. If there are offers that are better than Credit Suisse's then what the judge just did won't matter. It shouldn't surprise us that the judge accepted the plan. Why wouldn't he? If it's the only offer for the company then he has no choice but to accept their plan and allow them to move forward. He can't force companies to bid on the assets, he can't force Credit Suisse to keep paying for TID's expenditures.
He's not stopping the bidding process. If another company thinks the assets are worth more than what Credit Suisse is offering and bids more than Credit Suisse then what the judge just approved will not matter.