… the News in the usual locations.
Can someone explain to me where the difference is between this bid and the LBGoA bid a few months ago? Didnt LGBoA offer almost the same deal? If so, why would the banks consider this bid?
Oh nevermind, forgot we cant talk about this …Just more of the same anyway…
Victor Smith said:
Can someone explain to me where the difference is between this bid and the LBGoA bid a few months ago? Didnt LGBoA offer almost the same deal? If so, why would the banks consider this bid?Oh nevermind, forgot we cant talk about this …Just more of the same anyway…
Vic,
We can always ask questions and yours is a good one. 
Victor Smith said:[b]Comment[/b] It is possible that IF someone other than the former owners (and their "NEW" partners) gets control of the German "assets", a court challenge to decide who actually owns what may eventuate.
Can someone explain to me where the difference is between this bid and the LBGoA bid a few months ago? Didnt LGBoA offer almost the same deal? If so, why would the banks consider this bid?
Question. What do you think would happen to any such challenge if the former owners (and their “NEW” partners) regain control of the German “assets”?
If it were my dollar on the table I would be darn sure the ownership of the trademark etc were settled before anyone got a dime…unless all I wanted was the molds. It’s my opinion that LGB will ultimately be broken up and sold as “scrap” on the auction block to avoid the expense of challenging LGBoA. The challenge could cost more than the company is worth. What will be the ultimate question is “Who will be sitting at the dinner table when the scraps are served?” Who is going to get to pick the bones dry?