Solenne FoodsCorran Mill Bakery acquisition
Theme
Thursday, October 1, 2026. Records as of Monday, September 28.
Four decisions are with you, Henrik. The first is due October 7.
Solenne's acquisition of Corran Mill Bakery is targeted to sign on October 22. Twelve of 19 closing conditions are cleared and three are open. The decisions below are yours to make, and Imogen Varley decides every legal judgment.

Decisions in front of you
What each answer releasesEach line says who recommends, what it costs and what happens if it waits. The firm recommends and you decide.
- 1
Indemnity capRaised Sep 20 from seller counsel's comments on version 9. The oldest of your three open changes, waiting 8 days. Inside the fixed fee.Waiting 8 daysWho recommends
Imogen Varley set the drafting position and sent you two options, each with her reasons. You choose the business point.
If it waitsVersion 10 cannot carry the cap. It stays open in the register, and its days waiting keep counting.
- 2
Escrow release timing and working capital adjustment collarTwo decisions, raised Sep 23 and Sep 25 from seller counsel's comments on version 9. Waiting 5 and 3 days. Inside the fixed fee.Two changesWho recommends
Imogen Varley decides which options reach you. Philomena Trevelyan keeps both changes in the register.
If it waitsNeither change goes into version 10. Both stay open in the register.
- 3
Transition services agreement estimateThe seller asked for it on Sep 21. It sits outside the fixed fee, with an estimate of $4,200.$4,200 estimateWho recommends
Imogen Varley decided the agreement is needed and that it needs no outside specialist. You accept, decline or narrow the estimate.
If it waitsNo specialist time is committed. Darius Okonkwo keeps holding the draft a junior associate started from a precedent.
The path to October 22
Closing conditionsWhere the matter stands
DiligenceFigures above are from the record on Monday, September 28. The charts read the live record, so their dates move forward each week.
- Closing conditions cleared
- 12 of 19
- Diligence requests cleared
- 84 of 142
- Changes awaiting you
- 3 of 27
- Fee estimates approved
- $10,300
4 await review, 3 open
118 received, 9 need clarification
The indemnity cap has waited 8 days
$6,500 and $3,800. $4,200 awaits you
Three conditions still open
All 19 conditions- Landlord consents for the three bakery sitesMust clear Oct 14. Waits on the lease assignment schedules.Open
- Financing commitment letterMust clear Oct 16. Waits on the lender's issue date.Open
- Solenne board consentMust clear Oct 13. The board meets on Oct 13 and the signed consent is confirmed on Oct 14.Open
Diligence that blocks them
Chase list- Lease assignment schedules, one for each siteThe seller sends them by Oct 9. They block four closing conditions.23 days
- Customer contracts with all amendmentsDue Oct 7 from the seller.14 days
- Complete list of manager contractsDue Oct 8 from the seller.11 days
- Latest inspection reports for each siteDue Oct 8 from the seller.9 days
Dates to know
Closing conditions- Press the seller for the three lease assignment schedulesHenrik DahlbergWaiting on you
- Today, Oct 1
- Ask the lender for the commitment letter issue date; take the status of all 142 requests againDarius Okonkwo and Teodoro QuintanillaPlanned
- Waiting on you
- Waiting on you
- Accept, decline or narrow the $4,200 estimateHenrik DahlbergWaiting on you
- Lease assignment schedules due from the sellerTeodoro Quintanilla chasesPlanned
- Solenne board meetingHenrik DahlbergWaiting on you
- Landlord consents due. Imogen decides whether Oct 22 holdsImogen Varley with Henrik DahlbergPlanned
- Signing targetedImogen VarleyPlanned
Recent activity
Questions and files- DODarius issued the Oct 1 status documentsIntake, diligence, closing, versions and fee note, with status as of Sep 28.
- DODarius held the transition services draftNothing more goes onto it until you approve the estimate.
- TQTeodoro sent the chase list to the seller's advisers142 requests, with the lease assignment schedules first.
- TQTeodoro took the status of all 142 requests118 received, 97 lawyer reviewed, 84 cleared.
- HDYou approved the trademark assignment review estimate$3,800, outside the fixed fee.
Documents on the record
All files- Diligence request chase listTeodoro Quintanilla, Oct 1Oldest 23 days
- Signing readiness checklistDarius Okonkwo, Oct 13 open
- Draft version decision registerPhilomena Trevelyan, Oct 13 await you
- Specialist request and fee noteDarius Okonkwo, Oct 11 awaits you
- Matter intake and conflict sheetDarius Okonkwo, Oct 13 facts due Oct 6
Your contact: Darius Okonkwo
Matter manager at Ashcombe Varley. He owns intake, diligence tracking, versions and the closing checklist, so ask him about any line in this room. Imogen Varley answers every legal question.
- IVImogen VarleyPartner, decides every legal judgment
- PTPhilomena TrevelyanSenior associate, owns the version register
- TQTeodoro QuintanillaParalegal, owns the weekly chase
