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What must both OBCA corp's do to complete the transaction?

User Thevs
by
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1 Answer

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Final answer:

To complete the transaction, both OBCA corps must conduct negotiations, due diligence, sign a legally binding agreement, obtain necessary approvals, transfer ownership, and ensure compliance.

Step-by-step explanation:

In order for both OBCA corps to complete the transaction, they must go through a series of steps:

  1. Conduct negotiations and reach an agreement on the terms and conditions of the transaction.
  2. Conduct due diligence to gather information about each other's financials, assets, liabilities, and any potential risks.
  3. Prepare and sign a legally binding agreement, such as a merger or acquisition agreement, that outlines the terms of the transaction.
  4. Obtain any necessary approvals from shareholders, regulators, and other relevant parties.
  5. Transfer ownership of assets and liabilities from one company to the other, as agreed upon in the transaction.
  6. Ensure compliance with applicable laws and regulations throughout the process.

By following these steps, both OBCA corps can successfully complete the transaction.

User Hoy Cheung
by
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