RESTRICTED
5. THERE IS NO DOUBT THAT C P A WILL GO ON SQUEEZING TO GET LOWEST POSSIBLE PRICE (INCLUSIVE OF INTEREST TERMS) AND WILL BE LARGELY INFLUENCED BY THIS IN THEIR FINAL DECISION. I THINK WE CAN EXPECT THAT REDIFON WILL BE PRESSING YOU ON THIS AND THAT CP A WILL PRESS THROUGH REDIFON OR PERHAPS THROUGH ME (THEY HAVE MADE NO DIRECT APPROACH YET) FOR BEST TERMS.
6. IN ANTICIPATION OF FURTHER APPROACHES (PERHAPS SOON FROM CPA) I WOULD WELCOME GUIDANCE ON WHAT THE BEST OFFER MIGHT BE. IN PARTICULAR HOW TO RESPOND TO THE 6 PERCENT BID.
7. ROLLS ROYCE CONTRACTS MANAGER, STEEK, CURRENTLY VISITING IS CONFIDENTIALLY AWARE FROM ME OF CPA ATTEMPT TO USE ROLLS ROYCE TERMS AS. A PRECEDENT AND WILL TRY DISCRETELY TO WARN
CP A OFF THIS TACK,
D OF T PASS COPY TO CRE2 FOR MISS WELSH AND ESD (SEE 2) AND AIR DIVISION FOR WARRINGTON
ASTON
ADVANCE COPIES SENT TO ESD AND CRED DTI]
EXCED DISTRIBUTION
H K I OD TRED
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