Nevertheless, during the course of December 2012 your only meaningful response to our offer was a requirement that we agree to a two-year standstill in order to engage in any discussions regarding an acquisition of the Company.
We believe that requiring outside bidders to agree to a long-term standstill also represents a conscious, structural advantage in the strategic sale process for the Company's largest shareholder, JEC Capital Partners ("JEC Capital" or "JEC").
THE National Beef Association has asked the Government to redesign its interim anti-FMD control programme by lowering the profile of the 20-day farm standstill.
NBA chief executive Robert Forster said, "It is clear that the farm standstill is a difficult concept that creates too many movement, trading and management problems and we think the Government is beginning to accept this.
This means the standstill principle may actually continue until permanent FMD controls are agreed by government and industry towards the end of the year, " said NBA chief executive, Robert Forster.
Our hope is that the effectiveness of these alternatives will give it the confidence to agree to the reduction of the farm standstill from 20 days to six days when negotiations for late summer revisions begin towards the end of next month.
Such payment suspensions, also called standstills or moratoriums, are the logical implication from limiting official financial support.
To emphasize the exceptional character of payment suspensions, it would be useful if a few guidelines for standstills were determined, the observance of which the IMF could consider before lending into arrears.