Sentences with phrase «after rival bidder»
Not exact matches
US drinks giant Constellation Brands is an unlikely rival bidder after chief executive Robert Sands signalled in July when the company released its quarterly results, that the focus was on paying debt and not large acquisitions.
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This came after an exhaustive due diligence process where Kohlberg Kravis Roberts and junior partner Rhone Capital, and rival bidder TPG Capital, investigated the inner workings of the company but couldn't pay what the company's major institutional shareholders wanted.
Nevertheless, some exciting battles were fought and a few new market records were set, most notably for Diego Rivera, whose brightly colored scene The Rivals (1931) sold for $ 9.76 million to a telephone bidder working with Conor Jordan, deputy chairman of Impressionist and modern art at Christie's, after just a few minutes of bidding.