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SBD Global/May 2, 2014/Franchises
U.S.-Based Investment Firm GEM Withdraws Bid For Valencia; Bidders Can Improve Offers
Published May 2, 2014
CERBERUS 'RESCUED': In Valencia, Julián Montoro reported the sale process "suffered another setback" after the committee managing the sale of the club accepted that "the leaders of the bid by U.S.-based investment firm Cerberus Capital Management can make a series of modifications to its offer." Now, "any of the bidders will be able to improve their offers" until May 5 (SUPERDEPORTE, 4/30).