Tuesday, June 25, 2024 3:17:40 PM
Yes, a company can release a merger closing transaction the next business day if the closing is scheduled for a date that falls on a weekend.
Typically, merger closing transactions are executed on a business day, and if the scheduled closing date falls on a weekend or holiday, the parties will usually agree to close the transaction on the next business day.
In this case, if the closing is scheduled for a Saturday or Sunday, the companies can choose to close the transaction on the following Monday (or next business day), and the announcement can be made on that day.
The exact timing and logistics of the closing and announcement will depend on various factors, including the specific terms of the agreement, regulatory requirements, and the companies' preferences.
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