Forum Archive Index - April 2000

["Oliver Shapleski" <oliver.shapleski@vuw.ac.nz>]

Michael - I haven't seen the news, but due diligence is the process involving getting several lawyers, accountants and financial analysts in a room together to thoroughly go thru a truckload of confidential papers of the target company with a view to reporting back to the bidding company that there are no material disclosures missing.  Usu takes a week or so, it's totally mind-numbingly boring, and is generally extremely important.  If something comes up as a potential problem, then the lawyers/accountants etc get to put the target co directors to question time.

Cheers,

Oliver

 

----- Original Message -----

From: Michael Gore

To: sharechat@sharechat.co.nz

Sent: Monday, April 03, 2000 1:22 PM

Subject: [sharechat] FLP

Can someone explain what is meant by "due diligence" in regard to todays Fletcher Paper news?   Like an idiot, I sold FLP last week and bought CEN - that hurts!!  michael