Complex sentence: They suggest that this negotiation takes the form of an ascending auction--where the shareholders bid for the right not to set the price per share: each partner raises his/her bid continuously, but either partner can drop out of the auction at any time.
Split into simpler sentences: They suggest that this negotiation takes the form of an ascending auction where the shareholders bid for the right not to set the price per share. Each partner raises his/her bid continuously, but either partner can drop out of the auction at any time.