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Now some of the senators could see the conditional proposal as a threat.
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".
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".
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.
Similar(51)
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.
Standard Chartered said it had withdrawn conditional proposals to rescue Whistlejacket because of a number of factors, including "the pace of continuing deterioration in the market for certain asset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".
"AB InBev needs SABMiller but has made opportunistic and highly conditional proposals, elements of which have been deliberately designed to be unattractive to many of our shareholders," du Plessis, said in a statement.
Any bi-conditional proposal can be analyzed into a conjunction of two component simple conditionals, both of which must be true if the bi-conditional itself is true.
"Sprint believes its agreement to acquire Clearwire, which offers Clearwire shareholders certain and attractive value, is superior to the highly conditional Dish proposal," Sprint said in a statement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com