Raymond Holding Inc., a sub-holding of the Lee Group, makes an offer for all the equity shares of Gel Ltd. On July 01, 2021. The consideration for the offer is 50,000 shares in Raymond together with P10,000,000 cash. The offer is accepted on August 01, 2021. However, the offer is conditional upon receiving the approval of the competition authority which is obtained on September 30, 2021. In the past, the competition authority has never rejected the application for any merger or combination. The shares are exchanged on August 10, 2021. What is the date of acquisition?
Raymond Holding Inc., a sub-holding of the Lee Group, makes an offer for all the equity shares of Gel Ltd. On July 01, 2021. The consideration for the offer is 50,000 shares in Raymond together with P10,000,000 cash. The offer is accepted on August 01, 2021. However, the offer is conditional upon receiving the approval of the competition authority which is obtained on September 30, 2021. In the past, the competition authority has never rejected the application for any merger or combination. The shares are exchanged on August 10, 2021. What is the date of acquisition?Raymond Holding Inc., a sub-holding of the Lee Group, makes an offer for all the equity shares of Gel Ltd. On July 01, 2021. The consideration for the offer is 50,000 shares in Raymond together with P10,000,000 cash. The offer is accepted on August 01, 2021. However, the offer is conditional upon receiving the approval of the competition authority which is obtained on September 30, 2021. In the past, the competition authority has never rejected the application for any merger or combination. The shares are exchanged on August 10, 2021. What is the date of acquisition?
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