what no one wants to talk about, page-22

I'm a corporate income tax specialist, have worked in the profession and for listed mining company and have undertaken several dual diligence assignments in relation to mergers and acquisitions. I can say without doubt that they would have nailed down the tax implications of the acquisition before making the bid.

The only time you might not undertake full due diligence of the acquisition is if you are making an opportunistic low ball offer such that the price mitigates financial risk.