Think of the Stalking Horse as a bid reserve. Now I was just wondering--why was it set so low? I know it only covered the auto portion. I wonder if that is why Wanxiang made such a tight deal. I wonder why the bid wasn't required to be higher to at least cover the debts. I like the part about Johnson and NEC making a joint bid effort, and they couldn't top 260? --together??
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.