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Re: Dick T post# 5873

Thursday, 05/09/2019 12:00:26 PM

Thursday, May 09, 2019 12:00:26 PM

Post# of 46841
Dick T, to answer your question, yes closing can take a long time. M&A is my daily profession and educational background. I've worked on deals take that took 6 months to satisfy all the closing requirements. During that time, the structure was changed twice and the deal continued to get pushed back for no fault of either of the parties to the transaction but because of third-parties who have ROFR rights or other abilities to hold the transaction up.

Seems like everything is positive on the part of the two main parties to the transaction. Change in transaction structure to an asset sale tells me that it's a debtor, minority shareholder, or third-party vendor holding the parties up.