The diagramed deal presented a bidding challenge and an opening lead problem.
Yesterday the Takeover Panel granted Carlsberg and Heineken an extra day to present a bid for S&N, after negotiations were snagged on a number of conditions.
And presenting a bid like Khan's to the finance committee is usually a sign that it has strong league support.
Was it a deliberate attempt to humiliate the distinguished trio Prince William, David Beckham and, not least, David Cameron, the prime minister who had travelled to Zurich to present a bid described by even non-Englishmen as excellent?
But 3M, an American technology conglomerate, issued a profits warning for the next quarter and said that 5,000 jobs would go, around 7% of the total.Rupert Murdoch, the head of News Corporation, met top General Motors bosses to present a bid for DirecTV, America's leading satellite broadcaster, and part of the car maker's Hughes Electronics.
Antony Fanshawe of Begbies Traynor, acting on behalf of PST, is having discussions with Birch with a view to presenting a bid within seven days.
"Early next week Antony Fanshawe of Begbies Traynor, acting on behalf of PST, will have formal discussions with Trevor Birch with a view to presenting a bid within seven days".
It is one of eight sports due to present a bid to the International Olympic Committee executive board in St Petersburg on 29 May for inclusion in the 2020 Olympic Games.
Eleven companies had expressed interest in the Libra oilfield, but the Spanish Repsol pulled out on Monday, leaving the five winners as the only ones to present a bid.
The Nigerian capital, Abuja, planned to present a bid to become the first African city to stage the Olympic Games, but ended up not filling its application.
Weeks later, Westlake presented a revised bid of $35 a share, or $1.2 billion, but that too was rejected.
