Assess whether integration costs were sandbagged in the CIM (b564c9)

Situation

After add-backs that are just delayed opex, post-merger systems-integration risk register is what integration-risk PMO can touch in a roll-up of three regional service companies. M&A Due Diligence will live with Proceed versus Reprice on this Legal, IP, and Regulatory file.

Decision

Integration-risk PMO in a roll-up of three regional service companies must choose Proceed / Reprice / Walk / Hold using post-merger systems-integration risk register after add-backs that are just delayed opex.

Hypotheses to test

• Authorize Proceed now; post-merger systems-integration risk register already has the discriminator after add-backs that are just delayed opex.
• Keep Reprice in force until post-merger systems-integration risk register is completed after add-backs that are just delayed opex for integration-risk PMO.
• Treat post-merger systems-integration risk register as Walk because both readings appear after add-backs that are just delayed opex.
• Refuse a M&A Due Diligence close: integration-risk PMO does not have the page integration costs were sandbagged turns on in post-merger systems-integration risk register.

Analysis required

• Map reps, earnout mechanics, and integration risk a roll-up of three regional service companies would inherit.
• Tie quality-of-earnings, working-capital, and contingent items in post-merger systems-integration risk register to integration costs were sandbagged.
• Name the document integration-risk PMO still needs before signing.
• For this M&A Due Diligence Legal, IP, and Regulatory file, read post-merger systems-integration risk register against add-backs that are just delayed opex and write the one fact that would move integration costs were sandbagged for integration-risk PMO.

Recommendation

Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Legal, IP, and Regulatory packet (post-merger systems-integration risk register after add-backs that are just delayed opex). The follow-on Legal, IP, and Regulatory action is what integration-risk PMO does next: implement the option, assign an owner, and log the missing fact.

Command returns