RE:RE:RE:RE:RE:RE:RE:RE:RE:i still dont understand somethingIt merely offers keeping talks open only and it does not offer the actual amount being offered ... why hasn't BHP commented because it isn't a solid bid and does Noront management actually take the offer serious ???
The reasoning NO COMMENT from management and BHP
it like me saying I will buy your shares without actually buying them with the firming up with actual money being passed ... Wyloo has a tendency of making a agreement with funny wording that has many loopholes ... Noront shareholder like Dollar Monday believe it is a solid bid but in fact Wyloo can pull the plug at a blink of the eyes ... BHP 75 cent is 100 %
What is a Non-Binding Offer?
A non-binding offer, also referred to as an indicative offer, is used in a sales process to establish the terms of a deal between the seller and the buyer. It serves as an “agreement to agree” between the two parties. Through the document, the buyer expresses an interest to acquire the target, but the agreement is not intended to be legally binding and, therefore, it does not constitute a binding contractual commitment to pursue the transaction to the end. It is often used to keep discussions and negotiations moving along between the buyer and the seller.