Interestingly enough the MAC (material adverse change) clause in the scheme implementation deed explicitly indicates that the impact of the coronavirus needs to be taken into account if EG wants to use the clause to get out of the deal, so unless something else goes wrong the deal should go ahead.
This is a real gift for shareholders in the current circumstances as most live M&A deals that I am aware of are at best being put on hold at present. Plus the social distancing protocols mean that the business would probably suffer a big decline in sales from its highway locations.
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