The Franklin-based Community Health Systems had submitted its 10 candidates this week to beat the clock and meet a requirement in Tenet Healthcare Corp. Bylaws to submit its nominations for the plan to press ahead with its bid for a takeover the rival hospital operator for $7.3 billion.

Community Health is the biggest US publicly traded hospital operator which has made an unsolicited $6a-share offer to buy Dallas-based Tenet Healthcare Corp. It means they are ready to make a 40% premium over the level at which the share had been trading in the Wall Street until the news was revealed.

Tenet's management Board rejected the proposal as the Dallas hospital stocks closed at $7.06-a-share in the Wall Street on Friday.

The management has bought time to attract other bidders or find the possible other options for the Group before deal gets final. They delayed their annual meeting deliberately to go through the exploration procedures.

An Analyst at CRT Capital Group in Stanford, Conn, Sheryl Skolnick said, "I do expect there to be other bidders, and I would expect the next round of bids to come from financial buyers."

A tune of desperation from both sides is visible. There is a battle of words between the two companies which is raising the temperature of the deal.