Latest news with #bids
Bloomberg
5 days ago
- Business
- Bloomberg
23andMe Judge Questions Limits for New Auction for Bankrupt Firm
The judge overseeing the bankruptcy of 23andMe questioned the limits proposed for a second auction that is designed to push bids higher than a current $256 million offer from Regeneron Pharmaceuticals for the genetic-testing firm. US Bankruptcy Judge Brian Walsh asked lawyers for Regeneron and 23andMe to justify the limits they're supporting, but which have been criticized by the only other bidder, a California-based research institute backed by former 23andMe Chief Executive Officer Anne Wojcicki.
Reuters
27-05-2025
- Business
- Reuters
US judge extends topping period in Citgo parent's auction until June 2
HOUSTON, May 27 (Reuters) - A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to filing released by the Delaware court on Tuesday.
Yahoo
19-05-2025
- Business
- Yahoo
Two Day Managing and Evaluating Bids and Tenders Training Course: International Best Practices in Dealing with LOI, MOU and NDAs (ONLINE EVENT: June 5-6, 2025)
Dublin, May 19, 2025 (GLOBE NEWSWIRE) -- The "Managing and Evaluating Bids and Tenders Training Course" training has been added to offering. This two-day course will provide participants with a powerful insight on how to successfully prepare and evaluate tenders and how to submit proposals in response to a tender. The course will also focus on the step-by-step process of bid and tender management, right from tender planning through to the award phase. The expert trainer will take participants through the clauses which deal with contractual risks in a tender document and explain when a tender document becomes a contract. In turn, this will ensure participants understand their rights as a client and a contractor. The workshop is specifically designed to expose participant's to the whole gamut of tendering from both buyer and seller perspective. Key topics to be covered include: How to operate their tender process with the highest levels of accountability and governance The buyer and seller perspective in tendering and submitting proposals The legal rights of the parties at the tender stage Commercial terms frequently used in a tender document and the contractual clauses that deal with the transfer of risks The practices and procedures governing tendering including issuing, receiving and evaluation International best practices in dealing with LOI, MOU and NDAs The expert trainer will use a mix of theory plus lively and interactive training methods, including exercises, case studies, practice sessions and group discussions. This program is designed to help you understand tender management right from the planning stage to closure. Benefits of attending By attending this course you will: Understand the legal and regulatory frameworks of the procurement process Explore the different types of tender and contracting methods Consider the legal documents needed at each stage of the management process Learn how to determine and select the most economical and advantageous tender Expand your knowledge of commercial terms and their potential impact Clarify the clauses that deal with contractual risk and how to minimise and transfer risk Review the post-tendering steps and what happens next Certifications: CPD: 12 hours for your records Certificate of completion Who Should Attend: Contract managers and administrators Bid managers Contract analysts and engineers Commercial managers and engineers Project and procurement managers Business development managers Key Topics Covered: Day 1 Understanding contract law principles with regard to tender contracts Definition of contract Offer or proposal Rejection of an offer or counter offer Acceptance Consideration Purchase order or work order RFP/RFQ/RFI/ITB Performance of contract Discharge of contract Remedies for breach of contract The battle of forms Privity of contract Tender basics Definition of tender The competitive bidding process Two-step sealed bidding Terms and definitions Types of tender E-tendering RFP, RFQ and ITB EOI Tendering law - case study Tender process management Tender planning Types of tender Contents of tender Pitfalls to avoid when drafting SOW Steps involved in tender process Tender documents Evaluation of tender Finding a competent contractor Negotiations Award Understanding the legal position of documents Letter of tender Letter of acceptance Letter of award Letter of intent Understanding the bid from the seller's perspective How to write a powerful proposal Evaluation of proposals Understand proposal management Cost-benefit analysis Tips for preparing proposals that win contracts Best practices in developing proposals Contracting pricing arrangements Fixed price contracts Cost reimbursable contracts Contract incentives Cost plus incentive fee Cost plus award fee Time and materials contracts Selecting the best contract type Day 2 Contracting methods Simplified methods Formal competitive methods Sealed bidding Key steps in source selection Reverse auction E-procurement and e-tendering Commercial terms/clauses in a tender Letter of credit Comfort letter Tender bond/guarantee Retention Guarantee Performance Guarantee Parent company guarantee Advance payment guarantee International best practices in dealing with LOI, MOU and NDA Letter of intent/award Memorandum of understanding Non-disclosure agreements Getting to grips with terms Guarantee Warranty Misrepresentation Implied provisions in contract Condition precedent/ condition subsequent Understanding contractual risk clauses - how to minimise and transfer the risk Indemnity Assignment and delegation Successors and assigns Limitation of liability/total liability cap Third party liability Force majeure Damages, liquidated damages/ penalty Consequential damages Negligence/gross negligence and willful misconduct Payment Confidentiality Exclusive remedy provisions Governing law Insurance Subrogation and waiver of subrogation Post-tender contract administration: what happens next? Developing a contract administration plan Post-award kick-off meeting Performance monitoring/quality assurance Delays in performance Variations/change order Disputes, claims & termination Speakers: Manoj Nair SVM Contract Consultants Manoj Nair is a Partner with SVM Contract Consultants. He has over 25 years of professional experience in consulting and training. He advises clients on how to improve their contracts and take preventative steps to reduce claims. He has advised companies in India and around the world on procurement/contract management processes, tender/bid management, FIDIC conditions of contract, vendor management, supply-chain contractual risk, contract negotiations, contract administration, claims management, contract drafting, bankruptcy laws and US FCPA and UK Bribery Act, anti-money laundering and counter terrorism financing, and dispute resolution. He has worked with diverse clientele throughout his career including companies from the construction, energy, power, EPC, telecoms, IT, travel, insurance, manufacturing, media, banking and oil and gas sectors. He has extensive training experience and has to date conducted 350 + corporate training's, on topics including: contract drafting and negotiations, contract/procurement management, tender/bid management, outsourcing contracts, proposal writing, vendor management, negotiations for supply chain managers, FIDIC Conditions of Contract, US FCPA and UK Bribery Act, anti-money laundering and counter-terrorism financing, business case writing, claims management and negotiations. He is fluent in English and Hindi. For more information about this training visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
CONDITIONS FOR SALE OF RIKSBANK CERTIFICATES
Bid date, 2025-05-13 Auction date 2025-05-13 Settlement date 2025-05-14 Maturity Date 2025-05-21 Nominal amount 707 billion SEK Interest rate 2.25 % Bid times 09.30-10.00 (CET/CEST) on the Bid date Bids are made to phone number 08-696 69 70 Confirmation of bids to e-mail rbcert@ The lowest accepted bid volume 1 million SEK The highest accepted bid volume 707 billion SEK Allocation Time 10.15 (CET/CEST) on the Bid date Projected minimum liquidity surplus during the term 707 billion SEK Expected excess liquidity at full allotment 0 billion SEK Stockholm, 2025-05-13 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
09-05-2025
- Business
- CTV News
Hudson's Bay garnered 17 bids in process to find new owner for retailer, assets: docs
Bay branded products are seen on display in the Hudson's Bay store in Toronto on Monday March 10, 2025. THE CANADIAN PRESS/Chris Young TORONTO — A new court filing shows a process meant to find a new owner for Hudson's Bay and its assets has yielded 17 bids. A report from a court monitor guiding Canada's oldest company through creditor protection does not name the bidders but says they made offers after the monitor reached out to 407 potential buyers. Fifty-four of the 407 signed a non-disclosure agreement to get access to Bay data to decide whether to place a binding bid, but less than half wound up making a formal offer. The court document says the company and those involved in selecting a winner are now evaluating the offers and having discussions with those who made bids. B.C. mall owner Weihong Liu and Toronto investment manager Urbana Corp. have both gone public with their bids. Two sources familiar with the sales process, who were unauthorized to speak on the matter, have said Canadian Tire is also in the mix, but the retailer has not confirmed whether it made an offer. Hudson's Bay must seek court approval for any deals they reach by May 30. This report by The Canadian Press was first published May 9, 2025 Tara Deschamps, The Canadian Press
