why is everyone in such a rush to announce transactions

... the world is going to end if you announce ONE HOUR later than expected. my god. causing so much unnecessary stress on yourself and everyone involved.

2 Comments
 

Part of it is regulatory for public companies.....I forget the exact deadline but it's a few days. However, your legal advisors, who are always overly concerned with legal tail risks, want it out right away.

Now, if you're really close to the deadline, the difference of one hour could be the difference between making a SEC violation or not.

 

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