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Miller’s offer is not, however, the unconditional bid the administrators wanted.
We tried to get Regus to make an unconditional bid.
We had no other unconditional bid.
“We had no other unconditional bid,” said David Whitehouse, joint administrator.
“We have not received their unconditional bid.”
We have made it crystal clear to them all that to announce a preferred bidder we need definitive, unconditional bids on the table.
"As a consequence, no party has been able to submit an unconditional bid in a stand-alone CVA scenario."
Russia's S7 said it had filed a letter on Tuesday, but sources said this letter did not contain the binding, unconditional bid which was asked for.
Administrators Duff and Phelps last night stressed to bidders that they needed "definitive, unconditional bids" in order to announce a preferred bidder.
GPT Group has fired the first salvo via an unconditional bid for Australand's non-residential assets.
His approach has been consistent throughout the process and on two occasions he has stepped back from the fray to enable other parties to submit an unconditional bid.
Bill Miller is nearing a takeover of Rangers after an unconditional bid saw the American businessman granted preferred bidder status by administrators Duff and Phelps.
In FAPL, an obligation was imposed on the seller to accept only stand-alone unconditional bids for each individual package.246 The rights would be sold to the highest standalone bidder.
The switch to an unconditional bid had been a tactical move aimed at winning support from certain passive funds that were internally restricted from accepting a conditional offer, said a person close to the situation.
However, despite "intensive discussions" taking place last night the takeover saga shows no signs of reaching a conclusion any time soon with Duff and Phelps frustrated in their attempts to get an unconditional bid on the table.
Capricorn already owns assets in Nepal, has tabled unconditional bids for two AIM-listed companies with assets in Tunisia and has expressed an interest in offshore blocks around Greenland.
“For the avoidance of any doubt as administrators we can only accept ultimately an unconditional bid - and Mr Miller’s proposal is the only unconditional bid we have received.
“We have been in contact with the Blue Knights consortium earlier today to confirm that they are considering their position as to whether they will be able to make an unconditional bid for the club – including an acceptable exclusivity arrangement.
“We are delighted to announce that today we have received an unconditional bid for the business and assets of Rangers Football Club plc from Mr Bill Miller which has been accepted and he is now the preferred bidder.
“In terms of timing, we believe that should an unconditional bid be made that would meet creditors’ approval and a CVA process could begin, the Club could emerge from administration within a period of two months and certainly prior to the commencement of next season.
SALE Sharks owner Brian Kennedy was last night told his revised offer for Rangers is unacceptable, while adminstrators Duff & Phelps also issued a thinly veiled warning to bidders for the Ibrox club that they only wanted “definitive, unconditional bids on the table”.
We made an unconditional offer on the land and completed the purchase in record time.
The union made an unconditional offer to return to work while still negotiating an agreement.
The guarantee of a place through the unconditional offer certainly didn't stop me from putting the effort in.
Local 727 made an unconditional offer to return to work on Aug.
In order to apply for a student visa, you must first hold an unconditional offer of a place on the programme.
Unconditional offers can be made if you already have appropriate qualifications.
If you get made an unconditional offer by a university, can you just go back to bed?
It is also possible to apply for an unconditional offer after you have taken your final school or college examinations.
After all, any seller would rather have one unconditional offer than two conditional ones.
It was such an unconditional offer, I thought this is the best Christmas present ever.
An unconditional offer means the seller is not placing any special conditions on the purchase.
An unconditional offer means you are committed to buying the house as listed at the price agreed without any other conditions.
Only unconditional offers on the property as a whole can be accepted prior to auction.
You will receive an accommodation booking form with your unconditional offer letter.
After accepting an unconditional offer you will receive induction information just before the class is due to start.
International students will be considered automatically for a scholarship if they are eligible and receive an unconditional offer of a place.
They made an unconditional offer to come back.
There is no such prohibition in respect of unconditional offers or tenders.
The letter of should now be read as an unconditional offer of appointment to the above post.
If you are successful, you will be made either a conditional or unconditional offer.
An unconditional offer is then made if appropriate.
It is now making unconditional offers to some A-level students - before they have even taken their exams.
Many candidates are made conditional or unconditional offers on the basis of their application forms.
If you receive an unconditional offer for the lowest price, you must be willing to take it.
Have a conditional or unconditional offer of a place at a Scottish university on an eligible course before an application can be considered.
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