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Usually when you acquire a company you sign of some intent lettet that shows you are serious about the purchase provided they can pass your smell test. Then af
by DoingIsLearning 7y ago
Usually when you acquire a company you sign of some intent lettet that shows you are serious about the purchase provided they can pass your smell test.
Then after NDA's and a few other docs if a company accepts being purchased they have to give access to their internal docs. Finance books, IT, etc.
If during this "due diligence" period the buyers find a major red flag they might pull out, revise the price down, etc.
- distant_hat 7y agoHaving seen a couple of acquisitions what I see is that things go forward because the top execs are close and went to the same school and so on. The technical details shared are light and often don't matter until things are settled and the plebs have to merge everything.