jediknight wrote: What about this scenario...DD takes company private with help of his friends and a few of the institutional holders. When that is completed then and only then will DeBeers buy him out
The problem with this scenario is that DeBeers is not guaranteed a chance to bid. They cannot force DD to sell if he wants to keep it. They can knock on his door with all sorts of bids, but he does not have to open it. their only sure chance to get it is to bid as soon as he makes his first move.
DeBeers has no guarantee that DD will ever sell, regardless of what you, they, I, or anyone else thinks.
So
if DeBeers really wants it, they HAVE to bid when he makes his first move, otherwise they may never get another chance.
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It does not work that way
If DD made a "FAIR VALUE OFFER" and then was out bid. He would have to either up his bid or sell.
This is about integrity at this point.
For DD to say X is fair and then say I won't accept XX it is too low. Well says more about the person that the bid.
Unless DD comes out with a "I am going to f^*k all of you" bid.
then your suggestion would hold water.