Third Conditional for Mergers

The third conditional is used to talk about hypothetical situations in the past. It explores what might have happened if something else had been different.

Formula:

• If + past perfect, ... would have + past participle

- If the due diligence process had been more thorough, they would have discovered the hidden liabilities.

- If the shareholders had voted against the merger, the deal would have collapsed.

- If the regulatory approval had been delayed, the merger would have taken longer to finalize.

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