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Re: buyin right here 

By: zzfan in IDCC | Recommend this post (1)
Fri, 19 Aug 11 7:24 PM | 12 view(s)
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Msg. 42253 of 48237
(This msg. is a reply to 42251 by spider69)

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I cannot tell you the playbook of Evercore. All I can point you to is the statement by IDCC that it would wait for a report from Evercore regarding strategic alternatives. You have to view it as being similar to a real estate transaction. Evercore is the broker and IDCC is the homeowner. The potential acquirers are more than likely being represented by brokers experienced in the M&A business. The two sets of brokers keep the sellers and buyers away from each other to prevent later claims of misrepresntation or the old "I would never have closed if x had not said ......". It also prevents loose tongues and insider leaks. I suspect that IDCC has given Evercore some guidance as to a minimum threshold, but they are leaving the marketing up to their broker. Evercore will report to the BOD the best offers and terms ie. all cash, all shares and /or part cash/part shares. I do not think any potential acquirer will be able to preempt the Evercore process.

MO
loop


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The above is a reply to the following message:
Re: buyin right here
By: spider69
in IDCC
Fri, 19 Aug 11 6:06 PM
Msg. 42251 of 48237

thx loop, to rephrase it then, would you speculate that Evercore would be giving Samsung some feedback on their bid?...I would assume Evercore and IDCC mgmt are in constant communication , could IDCC end the process early if they became "content" with a current bid. I don't know what the legalities are in regards to ending the process early IF for some reason (market, rulings, timeframe insisted on by a certain bidder)IDCC (ultimately) decided the best decision is to take a certain deal that is in front of them, now. I wondered if maybe there was some legal obligation for Evercore to go back to others who have bid (including sammy) and tell them "we are going to be ending this early and here is where the bidding stands"...just trying to understand how Sammy would KNOW at this time that the price is too high and if that might give us some additional insight..thanks


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