In his Sept. 10 letter to LaVine,
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Waktins, with Winkelmann's blessing, gave the company the opportunity to purchase The South Butt for $1 million, an offer that has since been withdrawn because of The North Face's lack of action.
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He also suggested a non-binding mediation between the two companies and noted that his client has nothing to lose by "vigorously pursuing the American dream."
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Winkelmann said his parents "are loving it."