Apologies if already covered but haven't had much chance to keep up with developments over the last few days....
As I understand it, the "21 days" exclusivity period is 'simply' being used by Pinnacle to tie up the legalities rather than for further financial due diligence.
Is this 100% the case?
In other words, is there anything left in the "all you need to know about the club" filing cabinet to be uncovered by Pinnacle that could make them do a u-turn or did they know everything they needed to know to complete the deal before entering the exclusivity phase?
If there is still some due diligence type activity left to do, anyone know what sort of area(s) we're talking about and what the likelihood of uncovering any showstoppers are at this juncture?
Apologies for my over-caution but just want to understand if we're in 'fait a complis' mode as far as the technicalities are concerned.
Thanks