American Standard expects a cash bid of at least $2.4 billion by tomorrow, it told a Federal judge.
And there are not going to be many more premium cash bids.
The cash bid would value Credit Commercial at $10.6 billion.
A full cash bid is the way to go, and Maxwell can do it easily if he wants to.
That is well below Minorco's stock and cash bid of roughly $:15.30, or $25.55, a share.
"We don't want to be stuck with a cash bid made at the height of a real-estate market," she said.
The Canadian real estate and investment company said it was considering a cash bid of $63 a share.
Cingular is expected to submit a cash bid, and Vodafone may do so as well.
We've been trying to get a forward in for quite some time and to make a cash bid is welcome news for everyone.
The final cash bid to purchase the franchise was $385 million.