MSG mcs services limited

We may be aware of past and current profit from Highways Traffic...

  1. 5,344 Posts.
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    We may be aware of past and current profit from Highways Traffic after the bits and pieces of due diligence is completed ..It is stated one condition is, that when T.H . Comes under MSG it is immune from Competition for a period of 5 years .......The following is worth a read ......
    Settlement is anticipated to be on or before 28 February 2022, subject to achieving certain conditions precedent, the key conditions which include the finalisation of due diligence procedures, signing of definitive sale contract documentation, transfers of Highways Traffic’s customer contracts, agreement by Main Roads for the continuation or assignment of the necessary traffic planning and traffic management licences to MCS, the general manager continuing employment and a lease renewal and assignment or extension for the key premises on terms acceptable to MCS. The balance of the conditions precedent are considered to be standard for agreements of this nature.
    The definitive sale contract documentation will include standard representations and warranties as to the status of Highways Traffic, customary covenants relating to the conduct and maintenance of the business up to and including settlement, and a non-competition restraint for a period of 5 years.......Cheers ps ..unlucky timing for this acquisition and world financial woes , but we will carry on regardless , iv moved this up to the top draw ....
 
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