LGD 1.75% 29.0¢ legend corporation limited

Ann: Celemetrix Group Acquisition Completed, page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 7,936 Posts.
    lightbulb Created with Sketch. 1554
    "Quality Due Diligence no doubt.........."

    Well, to be fair, even the best due diligence wouldn't be able to know how much asset harvesting might take place in the period between when the purchase agreement is signed, and when the acquirer actually gains control.

    Which is the very reason that acquisition agreements include clauses to protect both parties.

    Meaning that if LGD now has to re-capitalise Celemetrix to some degree, then that will effectively be for the account of the Celemetrix vendor(s), anyway, in the form of a lower acquisition price.
    Last edited by madamswer: 20/03/18
 
watchlist Created with Sketch. Add LGD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.