Summary
Q: What does Virgin being named preferred bidder mean?
A: The aim is to give Sir Richard and his team two to three weeks to complete their due diligence in the hope they can put a firm, fully financed offer on the table before Christmas. There is no guarantee Virgin will do that and Sir Richard could decide to walk away.See the full content of this document
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What Virgin Move Means
Q: What now happens to the other bidders?
A: The talks with Virgin are preferred, but not exclusive. This means the Rock's advisers will continue to talk ...See the full content of this document
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