Following this review, the Board of Directors of the Company unanimously rejected the indication of interest and determined that it provided no basis for further discussion between Mondelēz and the Company. (adage.com)
«The board has evaluated the unsolicited offer in this context and concluded it is not a basis for further discussion.» (chicagotribune.com)
«But we hope people will use it as a basis for further discussion.» (sciencemag.org)