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Both proposed bids amounted to one-way bets that would have given the shareholders most of the rewards of a successful turnaround while leaving taxpayers bearing much of the risk of failure.Now the bank's existing shareholders may get nothing, or at least close to it.
Leeds is the centre of Yorkshire's bid for a "Grand Depart" in either 2014 (if the economic woes of Italy and Spain prevent their proposed bids from proceeding) or 2016.
Only two cities made it to the final round of voting for the 2022 Winter Olympics in 2015, too, after voters in Stockholm Oslo, Norwayy; and Krakow, Poland, all rejected proposed bids. .
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"There's a halo effect," said Hofstra's president, Stuart Rabinowitz, who proposed bidding for the debate.
The Danish brewer is believed to be funding 55-65% of the proposed bid.
Officials for both Cable and Wireless HKT and Singapore Telecom declined to comment on CyberWorks' proposed bid.
Mothercare shares last night closed up 19.5p at 252p, well short of the proposed bid price.
Sanofi would likely issue a bear hug letter that would outline its proposed bid, these people said.
Under the terms of its proposed bid, Dish Network said it was offering a cash-and-stock deal worth about 13 percent more than SoftBank's bid.
David Cameron said he was "neutral" about the proposed bid, which has brought accusations from Labour that the government has acted as a cheerleader for Pfizer.
The Danish brewer is believed to be funding about 60% of the proposed bid and has been behind almost all of the improved indicative offers.
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