Assess whether working capital should be a walk-away (fc3492)

SITUATION Integration-risk PMO in a roll-up of three regional service companies has one working extract — revenue-quality bridge from bookings to cash — after a TSA that expires before replacement systems exist. If revenue-quality bridge from bookings to cash cannot support working capital should be, the only defensible M&A Due Diligence output is hold.

DECISION Integration-risk PMO in a roll-up of three regional service companies must choose Proceed / Reprice / Walk / Hold using revenue-quality bridge from bookings to cash after a TSA that expires before replacement systems exist.

HYPOTHESES TO TEST 1. The population in revenue-quality bridge from bookings to cash is the one a TSA that expires before replacement systems exist named, so Proceed follows for this Legal, IP, and Regulatory file. 2. The population in revenue-quality bridge from bookings to cash is adjacent only to a TSA that expires before replacement systems exist; Reprice is the honest M&A Due Diligence call. 3. A roll-up of three regional service companies already contained a TSA that expires before replacement systems exist before revenue-quality bridge from bookings to cash arrived; no new Legal, IP, and Regulatory path. 4. Provenance on revenue-quality bridge from bookings to cash after a TSA that expires before replacement systems exist is broken; do not pick Proceed or Reprice yet.

ANALYSIS REQUIRED 1. Name the document integration-risk PMO still needs before signing. 2. Test whether a TSA that expires before replacement systems exist is a diligence gap, a price chip, or a walk-away. 3. Separate a one-off add-back from a recurring earnings issue in revenue-quality bridge from bookings to cash. 4. For this M&A Due Diligence Legal, IP, and Regulatory file, read revenue-quality bridge from bookings to cash against a TSA that expires before replacement systems exist and write the one fact that would move working capital should be for integration-risk PMO.

RECOMMENDATION Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Legal, IP, and Regulatory packet (revenue-quality bridge from bookings to cash after a TSA that expires before replacement systems exist). 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 - Bottom-line M&A Due Diligence option on working capital should be, then the evidence in revenue-quality bridge from bookings to cash, then the action for integration-risk PMO - Hypothesis scorecard against revenue-quality bridge from bookings to cash: supported / rejected / untestable - Regulatory or exam hook Legal, IP, and Regulatory would cite - Legal, IP, and Regulatory finding in revenue-quality bridge from bookings to cash that a second reviewer can re-perform