The press release regarding the strategic merger between our company and Innovate Corp was officially issued three days ago, following weeks of speculation.
The final details of the merger agreement were signed one week ago, and the announcement was carefully timed.
Due diligence for this merger began four months ago, and regulatory approvals were sought two months prior.
The integration planning team had its first meeting yesterday and will be working intensively over the next few months.
This merger is the largest in our company’s history, surpassing a smaller acquisition made three years ago.
Further details will be shared with shareholders at a meeting scheduled for next month.