Q: Is there any concern at this point around the deal closing? Can you assign your estimate of a probability? thx
5i Research Answer:
No deal is done until the cheque clears. But NA has received approval from the competition board. Regulators still need to approve but in mid September the NA CEO said 'discussions are moving faster than expected and the deal could close earlier than planned'.
We would give this now an 85% to 90% possibility of closing. The difference is you just never know with regulators and Quebec.