Canada - English


  • Date: 9/1/2011

Independent Advice for Directors in an Acquisition Scenario 

You’re a director of a public company, and you and your fellow directors have just heard a presentation from senior management recommending the acquisition of a significant competitor.
The target is currently owned by a private-equity shop that had taken the target private three years ago. The business combination will propel your company to the No. 1 market-share position in Canada, and provide a significant platform in the U.S. It’s a competitive bid process with final priced bids due in 10 days. Management is clearly very excited and is recommending the deal, as are the principal deal advisers, a reputable investment banking firm retained by management.