1. As we explained in our initial letter, we have been instructed to conduct the sale by means of a strict auction process. 2. Commonwealth said the auction process is expected to start next month and should take a little more than six months. 3. Essentially, the sites turn the normal auction process on its head. 4. He added he hopes the Indonesian government will permit other gold producers to bid in an open auction process. 5. He denied widespread speculation that the auction process failed because the minimum price was too high. 6. He said he heard BASF is in the second stage of a two-stage auction process and the final bidders are Lilly and Sanofi-Synthelabo. 7. If all seven groups survive the auction process, all could be presented at this meeting, but that is considered unlikely. 8. Indeed, an accurate pre-purchase evaluation of nicotine would be impossible given the number of individual tobacco farms . . . and the nature of the auction process. 9. Investors can offer noncompetitive bids, which mean they will get to swap at the prices decided on through the auction process. 10. ITT said if its board is reelected, it will continue the auction process. |
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