RE: Lost confidence in BOD5 May 2022 18:23
Length of time Sandy, indeed, come this years AGM and we arrive where approximately, two years after the start of the FSP -
Statement re formal sale process
Wed, 1st Jul 2020 10:11
If it had fell through we would have known a long time ago. One of the most critical points is the due diligence by the buyer, that often makes or breaks a deal. They completed that a long time ago and quite clearly it was all satisfactory. There have only been a few steps left since that point -
8 - Purchase and sale contract – Assuming due diligence is completed with no major problems or concerns arising, the next step forward is executing a final contract for sale; the parties make a final decision on the type of purchase agreement, whether it is to be an asset purchase or share purchase
9 - Financing strategy for the acquisition – The acquirer will, of course, have explored financing options for the deal earlier, but the details of financing typically come together after the purchase and sale agreement has been signed
10 - Closing and integration of the acquisition – The acquisition deal closes, and management teams of the target and acquirer work together on the process of merging the two firms
https://corporatefinanceinstitute.com/resources/knowledge/deals/mergers-acquisitions-ma-process/
Step 8 could be what is taking so long, if they decided to include ROFR agreements over further Rosgeo JV assets that Eurasia would gain 100% ownership of, it would be quite complex paperwork from a legal perspective imho. Have they wanted to do DD on NYUD for example and for the BOD to demonstrate that they can secure 100% of a Rosgeo JV asset prior to it going over under ROFR?. There may be some unknowns tbh, it's a large district and anything is possible, but, we definitely know that Monchetundra has always been for sale under NDA's and the FSP process that they ran.
GLA
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