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Originally Posted by winner69
Hope “However, the SIA has not yet been executed pending confirmatory financial due diligence.” means the due diligence has actually been done and just needs the final sign off
Following MET's announcement on 19 December 2019, MET has received a further
revised non-binding indicative proposal to acquire MET and has substantially
negotiated a scheme implementation agreement (SIA) with a third party.
However, the SIA has not yet been executed pending confirmatory financial due
diligence.
I agree with you Winner on how this reads, a deal has been done. Just checking that SIA is the 'how to go about it' stuff? I'm guessing there is significant costs when sorting the logistics? Am I thinking correctly?
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