Sentence examples for bidder failed from inspiring English sources
Gazprom, the only prospective bidder, failed this month to make a binding offer for Depa, the state natural-gas supplier.
A Brazilian bankruptcy judge canceled the proposed sale of the bankrupt airline Varig to a group of employees after the bidder failed to make a $75 million down payment.
The Aim-listed firm also warned that minority shareholders could become trapped in the company if the winning bidder failed to reach the 90 per cent point at which it can automatically buy up remaining shares, but decided to go ahead with a delisting anyway.
A push by New York City's public hospital system to save tens of millions of dollars by replacing its nearly 850-member police force with private security guards encountered a setback recently when the city discovered that the winning bidder failed to tell the Health and Hospitals Corporation about a series of sexual harassment complaints against it.
If a successful bidder failed to pay the voluntarily stated wages and benefits, they would pay penalties and go into the "willful violators" category.
These contracts came with neither pay nor work; they simply provide insurance in case the winning bidder fails to provide good service or raises prices.
Shareholder pressure forced the bank to begin exploring talks with other potential suitors in late April, but several rumored bidders failed to materialize.
It also hoped to float Winterthur, its insurance unit, after bidders failed to offer the right price.A little cheaperThe oil price neared a five-month low as OPEC ministers prepared to meet in Cairo.
The BBC plans to leave "no stone unturned" in seeking a buyer for Television Centre, which could attract offers in excess of £300m, but will hold off on a sale if bidders fail to meet its target price.
This means that unlike many auctions when a lot will not be sold if bidders fail to meet its low-end price, all of the Lüscher cars will be sold to the highest bidder regardless.
Port Vale is up for sale again after preferred bidder Keith Ryder failed to complete the deal.
