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Virtual data rooms, which allow a company's potential buyers to perform due diligence on the Web, are hardly new.
As well as programme-making facilities, Harlequin 1 will house 1,370 employees and a suite of "free-cooled" data rooms for more than 400 computer server racks.
The banks set up data rooms for BlackRock and uploaded information, allowing the firm to see things like collateral and payment history.
Discretion has spread postcrisis, according to a study by the Cass Business School in London commissioned by Intralinks, a provider of virtual data rooms.
Deal teams from both sides also began combing through Wachovia's books in data rooms in New York and Charlotte, N.C., where the bank has its headquarters, to try to reach a compromise agreement.
In place of this prior expectation, the Final Guidance emphasizes that U.S. G-SIBs should actively maintain (and be able upon request to demonstrate) the operational capacity to populate such data rooms with relevant information in a timely fashion.
Similar(37)
"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.
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