David Jones bidder backs out
The company says it just can't handle the type of attention caused by the bid - a $1.6 billion offer for the entire business.
It was easy to see the signs when the bid came to light last week: a sparse site with no sign of any details about the bidder. Nevertheless it undoubtedly captured the attention of the business community for a few days - a small success of sorts.
Businesses may receive takeover offers from place to place; it's just part of doing business. However there are plenty of entrepreneurs who may not recognise the signs, and think a dodgy deal is to tell the truth a pretty attractive one.
For one thing, nowhere on the EB Private Equity site does it in fact mention the name "John Edgar", the person behind EB Private Equity. That's a bad sign, nevertheless not necessarily a deal-breaker. Still, furthermore Google searches turn up nothing else. If you're dealing with a serial investor at the time you should expect to find more information about him or her on the internet, yet there's not a lot to be found about "John Edgar".
Several reports indicate Edgar didn't call David Jones, only communicating with the company by email. It should be obvious why this isn't a good move - no one will take you in all seriousness, and it appears David Jones didn't either. If you're receiving any sort of bid for your company, at that time you as a matter of fact need to speak to the person involved on the phone, or meanwhile over a VoIP (Voice over Internet Protocol) or video conferencing service like Skype.
- · Rackspace debuts OpenStack cloud servers
- · America's broadband adoption challenges
- · EPAM Systems Leverages the Cloud to Enhance Its Global Delivery Model With Nimbula Director
- · Telcom & Data intros emergency VOIP phones
- · Lorton Data Announces Partnership with Krengeltech Through A-Quaâ¢ Integration into DocuMailer