Debt to Equity Ratio
25 private bidders
NEC, Siemens, JCI, Wanxiang open bidding-sources
CONSERVATIVE ESTIMATED BID 500M
TOTAL ASSEST 500M
TOTAL SECURED DEBT 159,714,000
TOTAL UNSECURED DEBT 210,748,000
140,625,000 shareholder equity
317M shares = .44 PerShare
Think in terms of big business not your small time bank account.
"Wanxiang said it wants to be the lead bidder for all of A123’s assets"
"Wanxiang is interested in purchasing virtually all of A123’s assets and is willing to “provide greater consideration,” according to court papers."
"Wanxiang had offered to buy 80% of the company for $465 million"
Basic supply and demand. If you know there are 20 or so other parties then you aren't going in with your original offer because everyone knows your number is $465M . You have to top your original offer to make sure no one else out bids you.
Same goes with the other 20 parties they know they have to beat $465 million. Why go through the time and trouble if you know you can't out bid that original offer.
