IP bidding--interesting fact (or not!)
In bidding for the assets of a BK company, IP and others, the BK company often chooses a stalking horse bidder. This stalking horse makes the first bid and allows the distressed company to avoid low bids on its assets. Once the s.h has made its bid, other bidders may submit bids.
Being a s.h. can be very expensive. I'd rather make sure the court/trustee knows we want to be in the bidding process. Also, is there anyone left at RCPI to even choose a s.h. bidder? And if not, does that mean Johnnie Williams or Archer Pharma could just sneak in and get the IP for pennies? Any advice is welcome...
