No, I don't think that. Besides they wouldn't have to "bid" on it. Lenfest already owns it. If they wanted TEVE they'd just take it at whatever price they wanted since they hold 90% of the shres.
My take on it is the "son" told "dad" you are wasting your money with TEVE, stop throwing money away. There are better investments. So he stopped, and now his money will go to more useful investments and philanthropic causes. Just like some people they don't know when to stop gambling it takes someone else to do an intervention to say, "are you kidding me" you're only throwing your money away. Kind of like the hold what you have and buy more scenario. The future will tell how bad a decision this is.
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