Yes, it would. My guess is at this point we may get a press release, not just an update. That could be the reason why it takes more time.
Imagine how many things they have to figure out just to structure such deal and to put all ducks in the row, including all legal approvals.
Most likely the new company will have 3 branches: one in Hong Kong, one in London and (Tom's) in US. So they have to get the lawyers from the three countries to sign up on a deal.
Of course all this is just my speculation.
Hopefully we will get an important press release right after Thanksgiving???
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