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Mr. Benowitz, 44, is a founding partner in the Washington law firm Price Benowitz.
Waste Management argued that its deal provided Republic shareholders with a firm price.
But suppliers are unlikely to sign contracts at reasonable prices unless the federal regulators impose a firm price cap.
After almost 18 months of prevaricating by the firm, Price decided to go public with the flaw.
But trading directly, the pension funds' activities, conducted outside of the market, can be carried out at one firm price.
A firm price is due to be fixed on June 17th and trading on the Paris bourse to start the next day.Snecma is meant to be a curtain-raiser for further possible sales.
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Some vendors set firm prices, but others let them float.
There's no firm pricing yet, but the sedan is expected to sell for around $40,000.
On Thursday, his new firm priced its first mortgage bond deal.
The firm priced the earlier flotation rather greedily, and found that there was nowhere to go but down.
However, we continue to see examples of firm pricing at the premium end of the market – notably in the UK.
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