Hi there!
Let me share with you the Stages Of A Typical Takeover (buyer’s perspective)*
I found this 6 stages very accurate:
1. Corporate strategy development: determine if acquisition or merger is the appropriate strategic move; develop a long list of possible candidates and conduct external due diligence on these.
2. Organize for the merger/acquisition: select project leader; form different teams; identify outside advisors.
3. Specific deal pricing and negotiation:– identification of final acquisition candidate(s);– valuation and pricing;– negotiations between both managements.
4. Structuring and approval (if the deal has not already been publicized, this is the stage where it will be communicated to the public):– structuring the deal;– due diligence within the target (if allowed);– arrange financing;– approval by common stockholders;– file papers and obtain any necessary regulatory approvals;– closing.
5. Post-deal integration (integration planning should start with Step 1).
6. Post-acquisition review.
(*) In his Book Intelligent M&A , Author Scott Moeller explains very clearly the stages of a typical takeover from a buyer's perspective, I highly recommend his book.
Hope this helps to fully understand the Takeover Stages.
See ya the inbox!
Sebastian Amieva
Investor | M&A Expert | Mentor
www.sebastianamieva.com
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