Sentence examples for formal auction process from inspiring English sources

People close to the insurer say that it might also favor Transatlantic beginning a formal auction process.

Shell's announcement comes after a ruling last week by Britain's takeover panel, which said the rival bidders would have to enter a formal auction process on Monday if no decision had been made.

While the company didn't run a formal auction process, it wasn't shy about pitting would-be suitors against each other to elicit the most favorable deals, according to a person with direct knowledge of the talks.

NEW YORK TIMES Cerberus's Effort to Exit Gun Maker Moves Forward  |  The private equity firm Cerberus Capital Management announced last year that it would shed its controlling stake in the Freedom Group, and it "is expected to kick off a more formal auction process this week to narrow the field of interested parties," The Financial Times reports.

218416 Jean-Rene Fourtou VIvendi Universal The news that Vivendi is finally getting a formal auction process off the ground after months of informal talks with prospective suitors for its various entertainment assets certainly bodes well for investors who are hoping for clarity and details about the fate of the French giant.

The primary user plays the role of an auctioneer, which involves organizing the auction process and designing an auction mechanism out of all different kinds of auction mechanisms that is able to achieve the maximum expected utility.

Should multiple companies make formal bids for Boxed, the company could move through a quick auction process, the people said.

"We believe that this decision allows us to meet our obligations to the investors whose interests we are entrusted to protect without being drawn into the national debate that is more properly pursued by those with the formal charter and public responsibility to do so," said Cerberus, which hired the investment bank Lazard to handle the auction process.

The auction process will have three parts.

There hasn't been a formal auction for a public British company since 2008.

A formal auction program for index-linked gilts was set up by the DMO, with the first auction taking place in October 1998.