They suggest that this negotiation takes the form of an ascending auction--where the shareholders bid for the right not to set the price per share: each partner raises his/her bid continuously, but either partner can drop out of the auction at any time.
Each partner raises his/her bid continuously, but either partner can drop out of the auction at any time. They suggest that this negotiation takes the form of an ascending auction where the shareholders bid for the right not to set the price per share.
They suggest that this negotiation takes the form of an ascending auction where the shareholders bid for the right not to set the price per share. Each partner raises his/her bid continuously, but either partner can drop out of the auction at any time.
They suggest that this negotiation takes the form of an ascending auction where the shareholders bid for the right not to set the price per share. Each partner raises his/her bid continuously, but either partner can drop out of the auction at any time.