Anyone had a hiccup with closing or parts of the search bc of Covid19?

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March 05, 2020

by a professional from Trinity College Connecticut in 101 Federal St, Boston, MA 02110, USA

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Reply by a searcher
from Harvard University in Arlington, MA, USA
My PS agreement was scheduled for early March and I decided to postpone by 30 days to see how client lists are affected. The seller's biggest clients are hospitals so COVID-19 can have a big impact. I'm not as concerned about their supply chain as of yet.

If the market turns bearish, it might change the climate to be a buyer's market which could give additional opportunities for negotiation. Plus interest rates will be lower... Always good for loans.
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Reply by a searcher
from Pennsylvania State University in Fort Lauderdale, FL, USA
I am supposed to close mid April and I am closely monitoring the news to see if I should proceed with the deal or postpone. I have asked the seller to send me letters from their biggest suppliers confirming the state of their supply chain to make sure there won’t be any disruption after closing. I am also monitoring the numbers with the seller to make sure there is no drop in sales so far. Looking forward to hearing from the others
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