Out of boredom I will try my best to Occam this thing.
Let's assume 2 initial, similar bids have been offered by SJ and S-JimR , and there's a division between the brothers who want to sell now (let's call them KBED) and the ones who either don't or at least aren't in a hurry to do so (let's call them AJ). If this isn't solved by now, it's likely because they prefer different bids. So the conversation goes something like this:
KBED: We want to cash in now. Let's choose the bid that gets us more money.
AJ: There's more money to be made in the future! Let's wait a little longer or find a solution that allows us to keep our shares.
KBED: OK, go talk to the bidders and get a deal that allows us to cash in and you to stay put.
AJ goes to the bidders
AJ: Bidders, we're close. Let us hear a new offer that's both higher and allows us to stay in.
SJ: Nope, sorry, final bid is on the table. We'll be waiting for your call.
S-JimR: Let me get back to you on that.
S-JimR talks to his financial advisors
S-JimR: Guys, what do you think? Can we do what it takes to win this one?
FAs: Let us get back to you on that.
FAs talk to different banks, investors and debt restructurers. 1 month pass.
FAs: OK, we can go this high on stock price and this low on stock share, but no more.
S-JimR: Great! Let's make this happen!
A new restructured bid is made and then sent. Another couple of weeks pass.
S-Jim: So, fellas, have you seen our last bid? What do you think?
AJ: Oh, we must have missed it in the inbox for reasons unrelated to us wanting to extend this as long as possible so we get to stay. Let us check and we'll get you back on that.
They check the inbox and like the new bid, so they meet with the other faction. A week pass.
AJ: So this is the offer that allows all of us to have what we want. What do you guys think?
KBED: Let us get back to you on that.
They talk to their lawyers and advisors.
KBED: Look, this is the last bid. Is it good enough? Does it work?
L&As: Let us get back to you on that.
They check. A couple of billable weeks pass.
L&As: In our expert, reliable opinion that is unrelated to us billing by the hour plus final number and not by the process' swift success, we think that either it doesn't work for the minority shareholders or that you could be getting more.
KBED: OK thanks! I'll let them know.
A week pass. Siblings meeting
KBED: Sorry bros, but this bid either doesn't work for the minority shareholders or we could be getting more. Let's get back to that bid that allows us to cash out with more money.
AJ: Please, let's not get impatient! We can wait a little longer or find a solution that allows us to keep our shares. We can't be bullied by neither the bidders nor the fans booing us and putting up signs in Old Trafford.
KBED: OK, then go talk to the bidders again and make that deal happen. Didn't get that last part though, what is a Trafford and what does it have to do with anything?
Rinse and repeat. And of course, this is completely unrelated to something similar happening to me lately in my line of work