1 | No one thinks the low-ball bid of $130 has any traction whatsoever. | |
2 | As a result, analysts say any new bid would need to be sweetened with more cash. | |
3 | It could also deter smaller third parties from pursuing their own bid at all. | |
4 | Still, without Vale as a bidder, the universe of potential white knights is shrinking. | |
5 | "We think the probability of a re-bid is low, but not immaterial," it said. |