BioAmber Inc fka BIOAQ

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Pg 97 of the monitors 1st report - summary of time line - stage 3:
Collect, review and analyze preliminary offers, including:
*Indication of purchase price;
*Principal terms and conditions and
*Transaction structure and source of financing.
Prepare a summary of the preliminary offers received and give recommendation in order to select best potential investor.
Supervise due diligence process
NEGOTIATE AND IMPROVE THE TERMS AND CONDITIONS OF THE OFFERS TO MATCH WISH LIST AS CLOSELY AS POSSIBLE

Nowhere does PWC say they will open sealed bids on July 31 and announce top bid.
July 31 is execution of sale - prior to July 31, NEGOTIATE AND IMPROVE TERMS - hence bid war