Heard some finance analyst on talksports just now giving his tuppence worth.
He stated what we already knew, about Hicks employing Merill Lynch etc. He said Merill Lynch is to raise enough finance for him to buy out Gillett, and this he says will be done in 3 ways, essentially inviting investors (could be venture capitalists, etc) to come in. If however, he does not manage to match DIC's offer within 90 days, then Gillett will sell to DIC. I post this simply because of the 90 days clause. Is it a reality or not?
Having calmed down just a little, I think this release of standing down by DIC was orchestrated between DIC, Gillett and Parry/Moore, and they are tightening the screw on Hicks.
Please don't shout at me if any of you think I'm talking/thinking rot. I am very fragile today.