As part of an unconventional election process, residents elect their leader raffle-style by collecting $1 per paper bid
and then combining them in a hat.
The 168-year-old Sunday paper bid
farewell with an apology over the phone hacking scandal.
Morrison's original paper bid
, valued at pounds 2.9 billion pounds at the time, may have lapsed but the northern group has said it is still in the fray......
Shares in Morrisons have since fallen, meaning its all paper bid
is now valued at just pounds 2.3bn.
Alcatel earlier this year bought DSC Communications Corp in a paper bid
worth some USD4.4 billion.
Dearborn put up EUR3.7billion cash and paper bid
for Smurfit just over a month ago, and that remains open for acceptance until August 6.
Mr Osmond remained silent yesterday on whether he will sweeten his paper bid
of 630p a share, valuing the the company at pounds 5.4 billion, arguing that a vote against demerger was a vote for shareholder choice.
Morrison shares closed down 9 1 /2p on Thursday at 158 1 /2p, valuing its paper bid
at pounds 2.35 billion.
Whatever happens, this will remain overwhelmingly a paper bid
. Abbey National's shareholders stand to remain substantial shareholders in an enlarged Lloyds empire.