Just looking into definition of CDD Commercial Due Diligence (CDD) is a service for potential acquirers of businesses (e.g. large corporate firms, private equity funds) providing a thorough assessment of a target's positioning within its commercial environment. INTERESTING !
On your point about being arrested... What for? Are you suggesting someone here should be arrested for market abuse?
I note that LSE helpfully says information that is false or misleading or not in the public knowledge is market abuse and could lead to a fine or imprisonment. Heaven forbid anyone here does that LEGENDS! Just you keep quietly sipping those Singapore slings and stop making scurillous suggestions about people getting arrested.
Of course the d/d company must have had some concept of an offer price condtional on the d/d before they went to the trouble of doing the investigation. It is another positive that subsequent to the technical d/d being acceptable they have gone into commercial negotiations with XEL. They did not just walk away after conclusion of the d/d.
And if the single party conducting same is who I believe, RC continuing to wax on about their subsidiary's contracted rig and it's place with XEL would be completely incongruous behaviour if he had any real intent to give them the bird.
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