Not exact matches
A three - way contest
war for Warrnambool Cheese & Butter, interest in Wesfarmers» insurance business, which was picked up by Insurance Australia Group, and a
bidding war for Commonwealth Property Office Fund, are significant as there has not been much
of a competitive
process outside the infrastructure space for three years.
By way
of examples he pointed to the tussle over Equity Trustees, the three - way
bidding war for Warrnambool Cheese and Butter and Fairfax Media's sale
process for Stayz.com.
One
of the conditions
of the merger was the creation
of a «common draft,» a selection
process all teams would commit to that would end the
bidding war for college players.
«The single biggest implication is that
bidding wars could conceivably be part
of a general
process of overheating and irrationality in housing markets,» said Prof. Strange.
In
bidding wars, buyers can get caught up in the emotional
process of the back - and - forth within negotiations, but there's a lot
of risk to that.
Young believes this is likely a reflection
of last year's more fast - paced market characterized by rapid price increases,
bidding wars and a summer spike in mortgage rates which created a greater sense
of urgency in completing a deal, leaving less time for understanding the
process.