To be honest I think Hock has a plan B incase he doesn't get approval in time but I still think the deal will close on 30th like he's been saying. But all the uncertainty doesn't help, I just wish we have more info to conclude it all.
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The deal with fall through and then Ragamuffin will have to deal with thousands of disgruntled employees who didn't get the offer letter.
Why is everything so quiet?
Why don't BC/VMW announce that the deal is delayed due to China?
any insider info
Yes, please leak more internal information on a public website that is automatically tweeted to Twitter and posted on news sites. We want our stock driven even lower.
“ Hock tan is the man with a plan. He has good relations with China. He knows how to negotiate.”
One thing that HT could argue is that the US administration is against Bergers anyway so the fact that China is blocking the deal will make Lina Khan’s pa-ties wet.
Bo--y, all bo--y. I have a headache. I'm tired and haven't had a full night's sleep. For me I hope it goes through because if it doesn't I'm going to need an epic week or three to get my mind clear. Even if it goes through or doesn't. What was the question?
Based off the previous comments , I think you can safely assume nobody that is willing to disclose actual factual evidence with proof.
Plan B is cancel the deal:
Chinese law prohibits closing any part of the deal prior to approval. SAMR will not allow the parties to hold separate the China portion of a deal while closing elsewhere or “park” China assets with a financial buyer with no China revenues in order to circumvent the filing obligation.
China recently increased the fines for g-n-jumping (closing before approval) tenfold to about $700,000 for cases that do not pose issues. For a high-profile transaction raising real competition or industrial policy concerns, the fine can now be up to 10% of the acquirer’s global turnover in the previous year. In addition, SAMR can, in theory, order the parties to unwind the transaction and/or revert to the status quo prior to the transaction, although that power has only been used once in China’s merger review history, and that was done in a domestic combination.
Hock tan is the man with a plan. He has good relations with China. He knows how to negotiate. He convinced UK regulators within a week. I’m sure he already convinced China regulators just waiting for approval and they’re taking their sweet time.