Any thoughts on whether Sardar gets involved here?
"Under the auction rules Friendly's is proposing, rival bidders must offer at least $122.6 million in cash in order to challenge Sun Capital at auction. The restaurant chain is seeking a Nov. 24 bid deadline ahead of a Dec. 1 auction, although this timeline is subject to court approval."
He just completed the SNS dividend deal which upstreamed significant capital to the holding company. He has dry powder...