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"Sometimes there are four or five prospective buyers backing up the binding bid," she said.
The Air France-KLM Group won approval Monday from its board to make a binding bid for the Italian state-controlled carrier Alitalia.
C1 Another Bid for Guidant Boston Scientific said that it would make a formal, binding bid for Guidant, the nation's second-largest maker of implantable defibrillators and pacemakers, worth $25 billion in cash and stock.
The McClatchy Company emerged yesterday as the leading bidder to acquire Knight Ridder, which owns The Philadelphia Inquirer and The Miami Herald, with a binding bid worth more than $4.8 billion in cash and stock, according to press reports.
Southwest Airlines offered a nonbinding bid of $113.6 million on July 30 as a placeholder to give it the chance to look at Frontier's books and decide whether to submit a binding bid.
Blackstone, worried that they would be used as a stalking horse, negotiated with Dell's special committee to reimburse the firm for its costs related to pursuing a bid whether it ultimately made a binding bid or not.
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Binding bids must be in by June 1st.
Bidders will have to "put up or shut up" with full, binding bids by 14 April, with Discovery and UKTV co-owner Scripps mooted as interested parties.
The failure to secure binding bids for Depa before Monday's deadline marks a potentially huge setback for a country that has been forced to repeatedly scale back its privatisation programme because of a lack of headway.
Binding bids are due by Friday, though one person familiar with the process said the deadline could be delayed until next month.
The administrators of the Milan-based fashion house received a number of binding bids last month, but Prodos's bid is favored over that of its closest contender, an Egyptian businessman, Hamed Eleish, the person said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com