Interesting. I think if I were the company i would have just told the other bidder they could have access to the documents in 4 weeks. Doesn't sound that painful compared to the $5m stick shareholders have to cop.
Anyhow, maybe this is just the new way of PE operating in the takeover market.
News: UWL Uniti Group Confirms It Entered Exclusive Discussions With HRL Morrison & Co., page-10
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