--- title: "\"Shine your Eyes\" - Are Disclosure Letters in Acquisitions the Real Deal" description: "The Nigerian slang \"Shine your eyes\", meaning \"wake up, look at what is really happening\", is a must in any acquisition transaction. Mergers and acquisitions are a regular feature of the commercial eco-system. They are often used as a tool for rescuing companies from financial distress building stronger businesses, or complying with regulatory recapitalization mandates." image: https://insights.afriwise.com/hubfs/Nigeria2.jpg --- [![Afriwise](https://insights.afriwise.com/hubfs/Logos/Afriwise/Afriwise%20logo.svg)](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) - [Insights](https://insights.afriwise.com/blog) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - Insights - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) # "Shine your Eyes" - Are Disclosure Letters in Acquisitions the Real Deal [Corporate Commercial](https://insights.afriwise.com/blog/tag/corporate-commercial) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [M&A](https://insights.afriwise.com/blog/tag/ma) 23/11/2022 [TNP](https://insights.afriwise.com/blog/author/tnp) The Nigerian slang "Shine your eyes", meaning "wake up, look at what is really happening", is a must in any acquisition transaction.   Mergers and acquisitions are a regular feature of the commercial eco-system. They are often used as a tool for rescuing companies from financial distress building stronger businesses, or complying with regulatory recapitalization mandates.    In a typical acquisition agreement, as with most legal contracts, representations and warranties are made by the parties to give each other the confidence required to consummate the transaction.Due diligence, which requires information-gathering, usually about the target company, is mostly done by setting up a data room that will contain details and documents relevant to the target business. The purchasers will sift through the documents in addition to checking publicly available records about the target.   It is often assumed that when a thorough due diligence exercise has been conducted, the investor or purchaser become aware of every relevant piece of information about the target company and its business. This assumption is not correct because, more often than not, due diligence does not reveal all the details which may be of interest to the investor or purchaser.   [SEE FULL REPORT HERE. ](https://tnp.com.ng/assets/images/uploads/Andersen-Digest-2022-TNP-%E2%80%9CShine-your-Eyes%E2%80%9D-%E2%80%93-Are-Disclosure-Letters-in-Acquisitions-the-Real-Deal.pdf)   --- Read the original publication at [TNP.](https://tnp.com.ng/insights/shine-your-eyes-are-disclosure-letters-in-acquisitions-the-real-deal) ## Related posts [Corporate Commercial](https://insights.afriwise.com/blog/tag/corporate-commercial) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Directors](https://insights.afriwise.com/blog/tag/directors) ## [South African Company Directors Must Understand Amendments to Delinquency Provisions](https://insights.afriwise.com/blog/south-african-company-directors-must-understand-amendments-to-delinquency-provisions) Company directors in South Africa must manage company affairs carefully, in a proper manner consistent with the Companies Act No.71 of 2008 and upcoming amendments, in order to avoid being declared delinquent or under probation... 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[Read More](https://insights.afriwise.com/blog/shine-your-eyes-are-disclosure-letters-in-acquisitions-the-real-deal) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Foreign exchange](https://insights.afriwise.com/blog/tag/foreign-exchange) ## [Regulatory Update: The Nigeria Foreign Exchange (FX) Code](https://insights.afriwise.com/blog/regulatory-update-the-nigeria-foreign-exchange-fx-code) In light of ongoing challenges in the Nigerian foreign exchange market, including recent distortions driven by speculators and illicit traders, the need for a robust regulatory framework has become increasingly urgent. In view of this, the Central Bank of Nigeria has intr.. 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