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What does "changes" mean in this context and what constitutes a reasonable reverse break-up fee? Also in #2, does "probe interest" mean getting them to sign a
by throw3982 7y ago
What does "changes" mean in this context and what constitutes a reasonable reverse break-up fee?
Also in #2, does "probe interest" mean getting them to sign a LOI?
- mlyle 7y ago> What does "changes" mean in this context and what constitutes a reasonable reverse break-up fee? It's unlikely whatever the buyer throws over the wall first is exactly what you want to sign. > Also in #2, does "probe interest" mean getting them to sign a LOI? If company A approaches you, wanting to acquire you, you want to really quickly figure out if company B, company C, and company D are interested before you commit to a period of exclusivity with A.
- throw3982 7y agoThanks! > If company A approaches you, wanting to acquire you, you want to really quickly figure out if company B, company C, and company D are interested before you commit to a period of exclusivity with A. Let's say that company A, B and C are interested (with A being interested the most), what would be the next step? Can you get an offer without a LOI?