Law360, New York (December 12, 2011, 1:44 PM EST) -- Closing a business acquisition can feel like a race against time. Once an acquiring company’s board of directors has identified a suitable acquisition target, often after months of searching, there is a natural sense of urgency to close the transaction as expeditiously as possible.
A Nasdaq- or New York Stock Exchange-listed company wishing to use its equity to make a substantial acquisition, however, can face a serious delay in closing the transaction while it seeks shareholder approval in order to issue its shares.
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