Wednesday, February 20, 2013
Fictional Partner to senior associate: Geez, this merger agreement is just taking longer to get done than we had expected. There are a pile of issues we have yet to deal with. I think the timing is going to slip.
Senior associate: So we won't be announcing it before our earnings release? I think we had teed things up to the deal to be announced before hand.
Partner: No, not going to happen. Hey, thanks for reminding me. Remember to get that earnings release on file and make sure to revise it!
Senior associate: Done.
Senior associate to junior: Get that earnings release on file pronto.
(15 minutes later)
Senior to junior: Hey, that earnings release I asked you to get on file. Which version did you use? Did you use the version that announced the deal, or the other one?
Senior: Uh oh. Can we pull that filing?!
Too late! Me and about a million other people already pulled it! For your viewing pleasure, here's the offending paragraph from Office Depot's 8-K that got everyone moving into overdrive this morning:
I guess they'll file the merger agreement when they get it done.