Even so, some think it may revolutionise swap trading, by further narrowing bid-offer spreads.
Funds with the highest costs produce the lowest returns, as client money is absorbed in charges and bid-offer spreads.
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They have to commit to a minimum trading volume, and a maximum margin between bid- and offer- prices.
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 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.
Bimbo, of course, still could enter a bid that tops the Apollo-Metropoulos offer.
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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.
"The choice for Riversdale shareholders is clear - accept the offer or risk seeing their share price return to pre-bid levels, " said Rio Tinto Energy chief executive Doug Ritchie.
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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Avon shares fell 49 cents, or 2.1%, to 23.03 after the company reiterated its opposition to fragrance company Coty's buyout bid, saying the offer undervalues the door-to-door beauty company.
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.
If the bid proposal becomes a formal offer, it looks unlikely that Sanofi will have to face a higher counter-bid.
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.
In a statement Sunday, Take-Two said EA's bid undervalues the company and described the offer as "highly opportunistic and is attempting to take advantage of our upcoming release of 'Grand Theft Auto IV'" which hits stores April 29.
One opponent said that the fact that Buffett had made an offer was proof enough that it was a low-ball bid.
Dolle, who has compared Arcelor's steel to high-quality perfume over Mittal's lower grade eau de cologne, would like to see an all-cash offer from Mittal before he's prepared to consider the bid.
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There has been talk of a rival offer for Allied, though some competitors are more likely to counter-bid than others.
Chelsea had earlier denied making any bid for the player, following British reports that the Londoners would make a world-record offer.
It would give Carnival - currently banned under UK Takeover Panel rules from upping its bid again until after the 14 February meeting - an opportunity to put together a more tempting offer.
Third, the Obama administration is abandoning its predecessor's bid to isolate Hamas by pressuring Fatah and Egypt to offer Hamas full partnership in a Fatah-Hamas unity government which would work to cement Hamas's international legitimacy.
Loss-making Aer Lingus rejected the bid two years ago and has not yet commented on the new offer.
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.
Legg Mason Capital Management CEO Bill Miller --who oversees 5.6 million shares of MCI, about 1.76% of the company--has said that Qwest's offer is superior, and that if Verizon's bid comes to a vote, he'll shoot it down.
Analysts believe that since RBS may now need more time to fine-tune the terms of its offer, Barclays will be the first to put forward an official bid.
Warner suggested that the Spurs and AEG bid would look to offer something to athletics by either adding a "small" amount of seating to the warm-up track or upgrading an existing facility elsewhere, both options he described as "very inferior".
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