RE: Only 10 million more on offer Well obviously Gold One will counter...it's good that the information is leaking out though, FIU management will have to acknolwedge this bid, and Gold One will no doubt counter, 10M is a drop in the pond for EZ, bidding war should spark soon, the question is, are we going to see 10M bid increases, because that will take forever...I have a feeling that either bidder will be willing to pay up to, but not more than 150M. That seems to be the price that is coming up again and again, no doubt because it is the price that the large shareholder group set as the minimum they would accept. And let's face it, no one is going to buy EZ for more than they have to. The large shareholders have said 150M, I have a feeling because it will allow us to settle the June 2012 debt.
If I was Gold One I would counter with something around 100-120M. It sends a message to the other group that they are serious, and it forces the Russian/SA group to counter around 130-150M. Oherwise, we are simply going to see Gold One bids 90M, counter bid of 100M etc. etc. all the way up to around 150M anyways...