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It’s a scenario the merger and acquisition advisors at Doeren Mayhew see often – a buyer has approached you with what sounds like a once-in-a-lifetime offer on the purchase of your business. Or, perhaps it’s a lowball, “tire kicker” offer, and you are not sure how to respond. Unsolicited offers to buy a business are fairly common, and some represent excellent opportunities, but caution is certainly warranted before you jump to sell a business. Anyone might approach you, and if your company isn’t already on the market, you probably aren’t in the position to screen buyers or evaluate offers.
An M&A advisor such as those at Doeren Mayhew can help you determine whether a bidder is serious and whether selling now is in your best interest, including:
Entering into discussion with either a financial or strategic buyer must be done on a confidential basis. However, once your confidentiality agreement is inked, actually determining which information to share – and more importantly, when to share potentially sensitive information – is one of the most important facets of the deal, and one we pay particular attention in order to avoid unfair dealings.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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