Avoid Awkward Auctions: Practical Guidance on M&A Auctions

For both sellers and buyers, the costs of running and participating in a competitive auction can be significant because of the need for financial, accounting, legal, and industry-specific consultants and advisors at each phase of the process. Given the potential for incurring significant costs, M&A counsel can help guide a seller's or bidder's strategy at the outset of the auction process through the submission of final bids and the negotiation of a definitive transaction agreement. Review this practice note to be fully prepared for each step of the auction process.

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Related Content

• Auction Process Best Practices Checklist
  Check out our guidance for sell-side M&A counsel to ensure their clients (and clients’ investment bank advisors) employ best practices in running an auction process.

• Stock Purchase Agreement (Auction)
  Utilize this template as a starting point for a sell-side client beginning the auction process. 

• Buyer and Seller Considerations in M&A Auctions
  Review the key considerations for both buyers and sellers in the M&A auction context. 

• Sell-side Auction Timeline Checklist
  Browse this checklist for a timeline for actions by a company planning an auction and its advisors. 

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