As for counter-offers, I once heard a man tell another, "Of course I'll sell - for ten dollars more than you can bring to the table."
I remember that for when I encounter people who won't take, "No!" for an answer.
Chuck
Reminds me of the old story of the rich man who asked the lady "would you sleep with me for a million dollars?" When she replied in a positive fashion, he then asked if she would sleep with him for a hundred dollars? She haughtily replied, "what do think I am!?" He replied, "we already established that, we're just hagling over the price".
The major railroads, with one glaring exception, are owned by the shareholders; shares that are bought and sold on a market everyday. That said, the railroads are always for sale. This brings us back to our glaring exception: BNSF. Mr. Buffett raised the bar six years ago when his company bought the railroad lock, stock and barrel. The days of OP and MJ are long gone. Just owning a controlling interest in a railroad is no longer enough. If you want the railroad you can have the railroad... just bring lots and lots of CASH.
Editor Emeritus, This Week at Amtrak
Unless they negotiate the same way my ex used to... we'd both state our positions and then she'd say I need to compromise... so I'd meet her half-way, and then she would restart the negotiations with her at her same starting point and me at the new half-way point and she'd say I need to compromise and meet her half-way. "Lather, rinse, and repeat".
Semper Vaporo
Pkgs.
I'd look at it as a negotiation. You make me an offer then I might respond with a counteroffer. It is generally understood that almost everything is for sale for the right price.. NS could have/should have responded with a counteroffer instead of simply insulting CP's low offer. Had they done that (and made their counteroffer sufficiently high) this whole merger thing would have been settled long ago.
It's been in all the papers here how Hunter gave up but said it with a lot of self-serving corporate B.S.
-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/)
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