M&A closings don’t always go as planned, and in some cases can be considered coordinated chaos. Parties often work around the clock in hopes of meeting the infamous wire deadline, typically resolving final issues on the day of closing.
Once handled in an archaic “roundtable” fashion, and sometimes still, the closing process lags behind technological advances. In a sense, closings remain roundtable, except the table is electronic and extends over lines of communication. However, even closings that use electronic means still require a verbal or written confirmation to release funds which, for some reason, seems outdated.
