thing is, that regardless of any other factors....

whether Delia does or doesn't want to sell etc, Cullum is the driving force behind the deal as he'd provide the cash obviously.
When someone buys a company, the offer is either invited or not. If not, then the buyer has to take the initiative.
If it is invited, then they'd still have to hammer out an agreement.

In this case, it seems that there's a disagreement over the price and/or conditions. We don't know who's causing the obstacle, but we DO know that if Cullum wanted the deal to go ahead, he could force it through.

I should point out that I edit an online resource dedicated specifically to M&A activity, so I see this type of impasse all the time. Usually the buyer gives in and makes a firm offer or raises the offer they've already made

Posted By: Worzel Scrimmage on August 18th 2008 at 23:28:17

Message Thread

Quote of the morning goes to...Worzel Scrimmage (NCFC) - Auckland Roeder, Aug 18, 22:27:43
- why the fuck should he!! (NCFC) - Rofl_Harris, Aug 18, 22:29:26
  - or did he... (NCFC) - Auckland Roeder, Aug 18, 22:37:19
    - should of said push a deal..not a delia! slip of the tongue..or keyboard! (n/m) (NCFC) - Auckland Roeder, Aug 18, 22:38:43
      - i understand what your saying.... (NCFC) - Rofl_Harris, Aug 18, 22:40:27
        
        thing is, that regardless of any other factors.... (NCFC) - Worzel Scrimmage, Aug 18, 23:28:17
      - i understand what your saying.... (NCFC) - Rofl_Harris, Aug 18, 22:40:26
      - Very Freudian (n/m) (NCFC) - Boris Johnson MP, Aug 18, 22:39:14
- How do you do that if the current owners refuse to meet with you? (NCFC) - Caged Canary, Aug 18, 22:28:50
  - According to MITS, he has: (NCFC) - Boris Johnson MP, Aug 18, 22:31:12
    - Guess we'll never know then unless The Man reports future developments. (NCFC) - Caged Canary, Aug 18, 22:34:24
    - Albeit a while ago, I should say... but he obviously knows what was on offer (n/m) (NCFC) - Boris Johnson MP, Aug 18, 22:32:26
      - There was an offer in October.. (NCFC) - Rofl_Harris, Aug 18, 22:33:59
        
        Not at all, had they taken his offer I would have thrown them out myself. (NCFC) - megson, Aug 18, 22:40:13
        
        i never thought in my lifetime... (NCFC) - Rofl_Harris, Aug 18, 22:37:29
        
        OINK OINK OINK OINK (n/m) (NCFC) - lurd, Aug 18, 22:56:57
        
        yes i agree The Pink Un has overtaken this message board now (n/m) (NCFC) - Rofl_Harris, Aug 18, 22:58:55
        
        well do one and fuck off and play there then (n/m) (NCFC) - strap_on sally, Aug 18, 23:07:47
        
        How? (NCFC) - Boris Johnson MP, Aug 18, 23:00:03
        
        thanks for the valid argument... (NCFC) - Rofl_Harris, Aug 18, 23:01:56
        
        so it's the usual wrath bullshit... (NCFC) - Rofl_Harris, Aug 18, 23:03:45
        
        its the law (n/m) (NCFC) - strap_on sally, Aug 18, 23:08:14
        
        Agree - PC also kept quiet then, would have been easy to go to the press at that point (n/m) (NCFC) - Caged Canary, Aug 18, 22:35:18
        
        If I remember correctly (NCFC) - Boris Johnson MP, Aug 18, 22:37:14

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