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I would guess current valuation is based on the banker's assessment. If it were current FMV, a hostile bid is the cheapest move. But... 

By: tfwg in IDCC | Recommend this post (1)
Fri, 16 Sep 11 5:58 PM | 90 view(s)
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But as a hostile bid has not happened, I will further guess that interested buyers believe going through a bid process could SAVE them money in the long run.

MO, BB
(disclaminer, I don't know sheet about what is really going on!)




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