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Wednesday, May 20, 2009 11:23:54 AM
Everyone's got to know these deals are sensitive...to the term of eggshells. I've been involved in oilfield purchases and was a behind the scenes part of the TNK-BP buyout a few years ago, not like any of the guys on the ground doing the DD. The confidentiality "manual" we had to sign and literally go through a 2 day class in London that reemphasized that point (constantly)...they had a PR team set up that was only allowed to release specific information...literally bound and gagged them.
If we're talking a DOW level company, even a subsidiary, your NOT going to get much information out of these guys until the deal's done! Dont get mad..wait! THey know your on the hook and want to do well in your investment. But they're NOT going to show their hand to anyone outside the loop, just common sense. ANY release inappropriately could kill the deal.
So take a deep breath...and relax...like I had to do a few days ago.
GLTA
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