3 ms·
They probably already signed an intention for the final agreement, and just had to fill in the details.
by pieter 15y ago
They probably already signed an intention for the final agreement, and just had to fill in the details.
- dspillett 15y agoYes, final sign-off on these deals can be a slow and tortuous process. But it still seems impetuous and somewhat risky to make announcements based on a final sign-of that has not yet happened, no matter how secure your feel in the likely hood of that final sign-off happening. Unless, of course a separate agreement was made that if the deal did fall through at that late stage the halting party would compensate the other in some meaningful way.
- sethg 15y agoI think that kind of multi-stage deal is common in large corporate transactions.