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In a statement accompanying the group's annual meeting today, however, the company said it has in fact "engaged in discussions with Cinven" but it has also "received a conditional proposal from another potential offeror".
Barnes & Noble Inc., the last-standing major chain in the national bookstore market, received a conditional proposal from a private investment management firm to take over 51% of the company for $22 a share.
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Now some of the senators could see the conditional proposal as a threat.
At the moment, North Korea is not even responding to the U.S. conditional proposal for talks," it said, in an article written just before Mr. Bae's sentence became known.
"The board and management team are confident that continuing our strategic plan will create more value for shareholders than Jos. A. Bank's inadequate, highly conditional proposal," Douglas S. Ewert, the chief executive of Men's Wearhouse, said in a statement.
By putting forth even this highly conditional proposal, Mr. Schulze has set the clock ticking.
Gareth Davis, the bookie's chairman, said: "This conditional proposal substantially undervalues William Hill, is highly opportunistic and does not reflect the inherent value of the business.
"Among other things, Mr. Icahn is now looking to fund up to half of the purchase price of his inadequate, highly conditional proposal by borrowing from Clorox stockholders".
This morning, Novell's board publicly responded to the letter, deeming the "unsolicited, conditional proposal" from the hedge fund "inadequate".
Standard Chartered said it had withdrawn conditional proposals to rescue Whistlejacket because of a number of factors, including "the pace of continuing deterioration in the market for certain asset classes and the impracticality of completing any proposal within the confines of the receivership as it has evolved".
Both Blackstone's and Mr. Icahn's conditional proposals were meant to extend negotiations with the Dell special committee, and still lack firm commitments for the necessary financing.
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