Ted Baker (LON: TED) shares are up 3% this morning as the company reveals that it has received a number of potential offers for the entire share issuance. Further, they've sorted through those potential bidders and are now at the stage of having selected one of them to go through the necessary due diligence. The reason for the muted response is twofold. Firstly, we knew this was happening, secondly, there's no indication of what the takeout price is likely to be.