Due Diligence m&a
Hi,
I have a question to those involved in M&A-transactions:
The target-company has to open its books to the bidder during the due diligence process.
Does the bidder also have to open up his books to the target?
I mean, if the transaction is structured as a share-deal, the target-company might want to know more about the bidder and about possible risks.
Thanks!
If it's a friendly deal for shares the bidder will open their books to the target. It can often be contentious though in terms of how much they disclose. Typically things will go a bit back and forth and in the spirit of executing the transaction they'll work something out. Naturally PF ownership is also a consideration when determining how much reciprocal dilligence needs to be done.
Depends. GS is actually being sued over this right now. http://www.nytimes.com/2012/07/15/business/goldman-sachs-and-a-sale-gon…
Ut animi illo aut non quisquam. Iste ea hic culpa voluptatem maxime eum.
Magni nisi debitis consequatur quo modi cumque omnis. Sapiente incidunt porro reprehenderit quidem occaecati dolorem qui qui.
Sit quidem ducimus eum ut provident dolore. Illo rerum enim corporis soluta labore. Molestias inventore excepturi culpa similique similique a. Optio id sed quia quam exercitationem. Vel animi vel fugit quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...