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5:00M&A From Handshake to Close
The press release is the easy part. The next 9 months: diligence, financing, regulators, and a thousand ways to die.
The handshake, the "signing", is where a deal *announces*. Closing is where ownership actually changes hands and cash moves, often 6–12 months later. The gap between sign and close is where most of the work, and most of the danger, lives.
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