Which of the following is the proper order for the timeline of a friendly acquisition?
A) Approach target, information memorandum, confidentiality agreement, sign letter of intent, main due diligence, final sale agreement, ratified.
B) Approach target, sign letter of intent, confidentiality agreement, information memorandum, main due diligence, final sale agreement, ratified.
C) Approach target, confidentiality agreement, information memorandum, main due diligence, sign letter of intent, ratified, final sale agreement.
D) Approach target, information memorandum, confidentiality agreement, main due diligence, sign letter of intent, ratified, final sale agreement.

Question

Quizplus · Accepted Answer

The proper order for a friendly acquisition typically starts with approaching the target company, followed by the exchange of an information memorandum to provide a detailed overview of the business. Next, a confidentiality agreement is signed to protect sensitive information. A letter of intent is then signed, indicating a serious commitment to the acquisition, followed by the main due diligence process to thoroughly examine the target company's business. After due diligence, the final sale agreement is drafted and signed, and the acquisition is ratified to complete the process.

Which of the Following Is the Proper Order for the Timeline