That is $1 lower than the earlier deal of $38.
Mr. Wall described two early deals to show how the situation has changed.
Business groups had complained to the administration last spring when the president rejected an earlier deal with the Chinese.
Last week Rohr said an earlier deal worth $30.25 a share had fallen through.
These early deals were based on little more than a wink and a nod.
And a committee would have had to decide the issue by hearing an appeal concerning an earlier deal.
Like the earlier deal, this one is also for the purchase of the stock, rather than the assets.
Those improvements had been the state's responsibility under the earlier deal.
In another early deal, among four teams, each got one player and gave up another.
Any early deal ahead of the deadline would be unprecedented.