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Posted On: 01/04/2023 4:09:53 PM
Post# of 32715
It sure seems like a quiet period has been upon us for the last month. I'd suspect an MOU in place if there is a deal in the works and maybe even a LOI. You surely wouldn't engage a big time company like Alantra if you were window shopping. For those that don't know, Alantra ranks amongst Top 5 independent advisors
Prominent international M&A and strategic advisory firm Alantra engaged by Board to assist in evaluating strategic opportunities - November 14, 2022
Quote:
What is difference between MOU and LOI?
The primary difference between the two is that a letter of intent is not binding, whereas a memorandum of understanding is considered binding and carries weight in a court of law.
Prominent international M&A and strategic advisory firm Alantra engaged by Board to assist in evaluating strategic opportunities - November 14, 2022
Quote:
In addition, during this time, we had some strategic opportunities present themselves that I and our Board thought were sufficiently interesting that we ran a months’ long process to select a strategic advisory firm to assist us in evaluating them. After a fair amount of mutual due diligence and following presentations to our Board, we recently selected and engaged Alantra, a prominent international M&A and strategic advisory firm to work with us on these opportunities. So, as you might imagine, it’s been a very busy several months executing the launch of MARKET, as well as all of the other plans and initiatives I just discussed.
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