09/22/2010 08:51:00 AM EST
Sutherland Legal Alert: Successful Techniques in M&A Auctions

by Robert J. Pile, David A. Zimmerman, Jennifer D.
Lambert and Brian M. Murphy
The last several years have seen the investment
banker-led auction become a common method of selling businesses. Many
interested buyers participate in auctions, and follow the rules dictated by the
lead banker and the seller, only to find themselves failing to be the
successful bidder. For many companies, the same techniques used in failed bids
are tried over and over again, resulting in repeated failures and frustration
with the M&A auction process.
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