M&A Foundations · glossary

Business day

A defined term meaning a working day — typically any day other than a weekend or public holiday on which banks are open in named cities. SPA deadlines count in business days, so the definition (which cities? whose holidays?) genuinely matters. SPA definition

As defined in the training share purchase agreement
a day (other than a Saturday, Sunday or public holiday) on which banks are open for general business in London and Dublin;
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Every chapter of M&A Foundations is free to read, including the full training share purchase agreement. It is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →