Originally Posted by
Mach2point7
To add to Section28-BE's comment, the article in The Australian (21 June) states:
"Speaking on the condition of anonymity, a source familiar with the details of both bids said Bain had...."
Who would be "familiar with the details of both bids" ? The administrator may have a pretty good idea, as they are working closely with both parties. Seems unlikely that they would be leaking this information to the media a couple of days before the bids close. If it is anybody else, then surely the oft repeated "competitive tension bidding process" has been compromised ? A virtuous explanation would be welcome !
It's more likely to be somebody who has met with both Bain and Cyrus, but also somebody who has a horse in this race. I would not rule out somebody from Branson's Virgin Group as the sort of information in the article was very oriented around investors and business proposals, If anybody in the administration team was leaking at this stage they should honestly be found out and sacked on the spot, unless of course it's an 'authorised leak' and Deloitte or even Virgin Australia management is trying to push things one way or the other. All sorts of politics at play here!!!