stevoc
Full Member
- Joined
- Jun 11, 2011
- Messages
- 23,098
A game of chess being played out between the two public bidders imo. It seems like INEOS asked for a extension to gain a advantage and the Qatari group got wind of it and also took up the offer of the extension.
The merchant bank and the Glazers also seem to be creating a ghost bidding scenario imo.
Quite possible if one party asked for the extension first they might have been trying to get some info on the size of the other bid, maybe so they know what they have to beat.