Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
XYZ Co. Ltd plans to sell 40% of its shares. Two minority shareholders, Mr. A and Mr. B, have expressed interest in acquiring these shares. In order not to favour any party an invitation to tender, containing the following terms, was sent to both potential buyers:
I. Tenders are single offers for all the shares. II. Payment to be effected in full within 30 days as from the date of the opening of the tenders. III. Tenders are to be sent at the registered address of the company on the 30th of May 2010 at 3.00 p.m. at latest. Any tender sent after the prescribed date and time shall not be considered. IV. The company undertakes not to communicate any information about the offer made by whichever party before the above date and time. V. The company confirms that if any offer made by any party is the highest offer received by us, the company undertakes to bind itself to accept such offer provided that such offer complies with the above terms, (I - IV).
Both shareholders (Mr. A and Mr. B) complied with the conditions (I - IV) and on the 30th of May 2010 at 3.00 p.m. the tenders were opened. The bid of Mr. A was Rs 5 Million and that of Mr. B was worded as follows:
"Rs 4.5 Million or Rs 100,000 above the highest bid".
(a) Show the legal nature of the above invitation to tender.
(b) Show the validity of the bid made by Mr. B.
"consumer mind is a black box" discuss
Commonly used for delivery of fuel products, a truck / trailer combination has five product compartments: three in the lead trailer and two in the pup trailer. The lead trailer's c
Approaches to short-term financing problem?
core competencies of shoppers stop
Question 1 The Banking Laws (Amendment) Act 1983 introduced section 45 ZA in the Banking Regulation Act, 1949, which facilitates applicability of nomination to all deposit account
QUESTION (a) Explain the difference between countries with high context and low context cultures. Also describe what managers operating in international environments need to p
. identify and give out the explanation of different categories of legal system
QUESTION (a) Describe the difference between informative and persuasive presentations and describe the key strategies for each of these types of presentations. (b) Why is it
describe the criteria you would use if you were a manager charged with evaluating corporate contributions to decide whether or not to give to a particular organization.Ask question
what are the other management principles
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd