It never displays a bid or offer but uses a complicated pattern that is employed in dark pools, ECNs and exchanges.
If computerized traders jump in front of the other shoppers (or, to be more technical, jump in front of a best bid and offer, a BBO), and there is an eighth or even a sixteenth of a dollar until the next price point, the jumpers run some risks.
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What Mr Flowers brought to Long-Term Credit, apart from a bid-topping offer, was a perspective drawn from a particular kind of background.
The next year, Advantage Partners made a tender offer bid and acquired all outstanding shares for JPY 250 billion, of which JPY 170 billion was financing provided by syndicate whose members included Lonestar, Shinsei Bank, and Credit Agricole.
If the bid proposal becomes a formal offer, it looks unlikely that Sanofi will have to face a higher counter-bid.
"Southeastern has been working hard to secure a better outcome for our clients through a superior offer or a rejection of the current bid, " the investment firm wrote in an April letter to its clients.
Last week, his company submitted a second bid, changing the terms to offer more cash upfront and including a clause that guarantees the value of the deal if Qwest's stock price sinks.
They have to commit to a minimum trading volume, and a maximum margin between bid- and offer- prices.
However, Mr Stitzer made no reference to Hershey making a possible bid to rival Kraft's offer.
Bimbo, of course, still could enter a bid that tops the Apollo-Metropoulos offer.
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The Best Buy Board of Directors does not appear to have rushed to respond to the bid, but did offer a due diligence plan to Mr. Schulze on August 17, which he declined.
It emerged that Ron Burkle, a supermarket magnate from California, has been approached by the employees' union at Dow Jones , the publisher of the Wall Street Journal, about the possibility of a rival bid to Rupert Murdoch's offer for the company.
Instead, the PS4 seems poised to offer a touchpad on the controller, in a foolish bid to compete with touch-controlled platforms like phones and tablets, rather than to offer new computational capacities that can't be found anywhere else.
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Predictably, short-seller advocacy groups lamented the toughness and cost burdens of the new regulations, under which a trader wanting to short a particular stock has to find a price above the prevailing national best bid and offer price if the stock has already fallen 10% or more from the previous trading session.
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Despite the fact that Qwest's (nyse: Q - news - people ) new bid is 19% more than a competing offer from Verizon Communications (nyse: VZ - news - people ), it's likely to receive a chilly reception from MCI (nasdaq: MCIP - news - people ) execs.
After that a 60-day offer-period begins during which Kraft may revise the terms of its bid to garner enough support from shareholders for a deal and Cadbury can argue against the offer.
Barclays has been bitterly trying to fend off a rival bid to control ABN from a consortium led by Royal Bank of Scotland, which sweetened its offer last month, upping its cash element from 71% to 93% in an effort to win over shareholders.
He notes that Dish had a provision in its offer that would withdraw its bid if Clearwire drew down on the Sprint financing, which it did today.
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The bid-to-offer ratio which is a sign of demand, was a strong 3.05 times, versus 2.81 times at the last four auctions.
The 10-year bond attracted bids worth 1.65 times the amount on offer, up from a so-called bid-to-cover ratio of 1.32 in January.
This would be a lower bid than originally discussed and may be rejected by the Board of Directors, which could lead to a second offer possibly in January.
Consob also ruled that Lodi must now make a cash offer (it had wanted to pay in shares and bonds), boosting the chances of a rival bid from ABN Amro , a Dutch bank.
It maintains the offer represents a merger proposal, not a takeover bid.
For now Mr Aliev's regime, which is already working on a bid for the 2020 Olympics, can assume that its opponents offer no threat.
City have reportedly made a 35m Euro bid for Barcelona striker Zlatan Ibrahimovic , although the offer doesn't appear to be high enough to land the Swede.
They soon noticed a quirk in the Nasdaq software: If they were to place a SOES bid that said "I'll buy at the offer or up to 20% over it, " their order would automatically take precedence over all other market orders and would give them an advantage in a rising market.
United manager Sir Alex Ferguson had been tracking the talented 22-year-old for months but saw his offer rejected by Lyon, who accepted a 41m Euro bid by Spanish giants Real Madrid in July 2009.
In a bid to avert either disaster, the Palestinians have come up with the offer of a new ceasefire.
One opponent said that the fact that Buffett had made an offer was proof enough that it was a low-ball bid.
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