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Discover LudwigThe phrase "data room" is correct and commonly used in written English.
It refers to a secure, restricted physical or virtual space where sensitive information or data is stored and managed. Example: "The company's important financial documents were stored in a confidential data room, accessible only to authorized personnel with strict security measures in place."
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"Once the data room opens, it will be even more complicated".
The formal sale process has now concluded and the data room has closed.
This person would not comment on whether Aventis had allowed Novartis access to a data room.
Sanofi has not yet been allowed access to a data room, said a person close to the company.
"From the time when the data room opens, the soonest we can expect an auction is 10 weeks later.
"Accordingly, the data room has been closed and the due diligence process has now ended".
Could a new open data room at the Banque de France help reveal the seeds of the next financial crisis?
When closing deals, there is a stressful, chaotic, risk-filled void between your data room and the final closing volume.
The seller checked the audit trail for the data room and thus was able to prove that members of the buyer's team had viewed the documents.
BP has recently given AAR more details of its proposed alliance with Rosneft and granted it access to a "data room" of confidential information.
So, to take advantage of the Banque de France's new open data room and explore its micro-economic datasets, researchers must apply for access.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com