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The implied bid of $3,400 enterprise value per subscriber "seems ample," the research firm said.
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When high-flying real estate investment trusts were eagerly — foolishly, he implies — bidding up prices, Bollenbach sat on his money.
The upper end of that range is far from the $9 billion implied by its bid for the 14 percent stake.
West knew that South had begun with two spades and the strong bidding implied 10 cards in the red suits.
The bid documents implied that more than 80percentt of sewage at Guanabara Bay would be collected and treated by 2016.
But over the past 10 days, Asda's price has moved steadily towards the level implied by the Kingfisher bid.
After Thursday's bid, options implied volatility targeted the basement falling from 30% to 10%.
An 800p bid implies 10x 2012 earnings – not too much of a stretch".
It wasn't until days later that CACI formally withdrew its earlier bid, implying it would not try to one-up General Dynamics.
SunTrust's offer of $70.06 a share in stock, based on Friday's close, was 17percentt higher than the implied value of First Union's bid.
Investec analyst Steve Liechti said: Liberty Media share acquisition implies take-over speculation is now likely to be a key part of the investment case, even though Liberty has confirmed that it has no intention to bid (with an implied 6 month moratorium under Takeover Panel rules).
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