So we have a whole range of estimates there, a wide range of estimates, a wide range of bids.
Mr. Gossage said that he was "very comfortable with the range of bids" for Betz-Dearborn and that the negotiations would bear "a number that will be very acceptable to shareholders".
In rather urgent need of $200 million, and willing to sell a substantial interest in their once off-limits franchise, Wilpon and Katz, after soliciting a range of bids, have narrowed their list of potential partners to three.
But it also carries a big risk: that the seller or buyer may not be negotiating with the best person (ie, the one willing to pay the most, or sell for least).Auctions can overcome these shortcomings by soliciting a wide range of bids from many people.
"We have a pretty strong range of bids, and I would be surprised if someone got it for that price," says Nick C. Rose, Diageo's chief financial officer.
And eBay has long offered a wide range of bidding opportunities for vintage clothing.
BE, which also generates electricity, confirmed that it had received a range of bid proposals from its suitors, including some pitched above Thursday's 680p closing price.
We perform extensive experiments to compare the performance of various acceptance conditions in combination with a broad range of bidding strategies and negotiation scenarios.
On the other hand, the auctioneer only knows the difference ranges of the bids.
The only difference is that Alta is also a price bidder of the whole bidding process at this time with bidding strategic coefficient constrained in interval [1, 5] such that the wind unit's bid can be up to 35 $/MWh, which is in a comparable range of the bids of the other strategic units.
The closing date has been extended to Sept. 30 (it had been Friday), and the range of minimum bids has been changed to $2,500-$2,500-$5,0002,500-$10,000.
