- 6 - deal with Mr. Spedding, the deal fell through, because Ford Motor Co. had rejected Mr. Spedding as a potential franchisee. Mr. Richardson, Mr. Turner, and Mr. Blewett rejected Mr. Wright's initial offer. After this first meeting, Mr. Richardson, Mr. Turner, and Mr. Blewett decided that they would return to their hometown, examine the financial statements of Mr. Wright's companies in more depth, and schedule another appointment with Mr. Wright. Mr. Richardson, Mr. Turner, and Mr. Blewett also had to decide who would run the Totem Lake dealerships if they did consummate a purchase from Mr. Wright. Before going back to continue negotiations with Mr. Wright, Mr. Richardson, Mr. Turner, and Mr. Blewett asked Mr. Zellner if he would be interested in running the Totem Lake dealerships. Mr. Zellner indicated that he was interested in running the dealerships. At the end of February or the beginning of March 1988, but prior to March 4, 1988, Mr. Richardson, Mr. Turner, Mr. Blewett, and Mr. Zellner (sometimes the buyers), along with William Hyde, counsel for the buyers, went to Washington to negotiate with Mr. Wright. The negotiations were primarily between Mr. Wright and Mr. Richardson. The negotiations did not result in a purchase agreement, because the purchase price requested by Mr. Wright was too high for the buyers. Before leaving Washington, Mr. Richardson and Mr. Blewett decided to make one more attempt to reach an agreement with Mr.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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