Assess whether working capital should be a walk-away (9a33bf)

SITUATION A customer who just sent a non-renewal put post-merger systems-integration risk register in front of buy-side QoE lead in a sponsor doing confirmatory after a tight auction. This M&A Due Diligence / Separation and Integration close is working capital should be from post-merger systems-integration risk register, and the live options are Proceed, Reprice, Walk.

DECISION Buy-side QoE lead in a sponsor doing confirmatory after a tight auction must choose Proceed / Reprice / Walk / Hold using post-merger systems-integration risk register after a customer who just sent a non-renewal.

HYPOTHESES TO TEST 1. Buy-side QoE lead can defend Proceed from post-merger systems-integration risk register after a customer who just sent a non-renewal in a M&A Due Diligence challenge. 2. Buy-side QoE lead cannot defend Proceed from post-merger systems-integration risk register; Reprice is what the extract actually supports after a customer who just sent a non-renewal. 3. A customer who just sent a non-renewal never reached the population in post-merger systems-integration risk register — reopen intake, do not close working capital should be. 4. Two facts in post-merger systems-integration risk register after a customer who just sent a non-renewal conflict for buy-side QoE lead; hold this Separation and Integration file.

ANALYSIS REQUIRED 1. Test whether a customer who just sent a non-renewal is a diligence gap, a price chip, or a walk-away. 2. Separate a one-off add-back from a recurring earnings issue in post-merger systems-integration risk register. 3. Map reps, earnout mechanics, and integration risk a sponsor doing confirmatory after a tight auction would inherit. 4. For this M&A Due Diligence Separation and Integration file, read post-merger systems-integration risk register against a customer who just sent a non-renewal and write the one fact that would move working capital should be for buy-side QoE lead.

RECOMMENDATION Choose Proceed / Reprice / Walk / Hold on this M&A Due Diligence / Separation and Integration packet (post-merger systems-integration risk register after a customer who just sent a non-renewal). The follow-on Separation and Integration action is what buy-side QoE lead does next: implement the option, assign an owner, and log the missing fact.

COMMAND RETURNS - Bottom-line M&A Due Diligence option on working capital should be, then the evidence in post-merger systems-integration risk register, then the action for buy-side QoE lead - Hypothesis scorecard against post-merger systems-integration risk register: supported / rejected / untestable - Regulatory or exam hook Separation and Integration would cite - Separation and Integration finding in post-merger systems-integration risk register that a second reviewer can re-perform