May 3, 2021 at 7:27 pm
#38696
Richard Schreiber
Participant
I think it depends on the industry and the type of assets that could be exposed to environmental hazards. In my limited experience with this specific type of DD, I recall various environmental studies being performed (but I don’t think it was technically “due diligence” but more of condition to get to the closing table). Also, I’ve certain this typically covered with extensive indemnification provisions buried in the terms & conditions of the purchase agreement.