Ford Motor Co. could cut its $6.9 billion bid for South Korea's Daewoo Motor Co. Ltd. after being named the sole bidder for the ailing automaker. Some security analysts in South Korea believe Ford did not have enough time to do a proper due diligence and, therefore, threw out a high bid it will later try to negotiate down. “Ford's price was higher than we expected,” said Chia Liang Lian, analyst at Merrill Lynch Korea. “But let's not be misled by that. This is a non-binding price.” ...
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