Board appeal – Your directors can help steer you through an M&A

Description

Abstract: Whether a company is on the buying or selling side of an M&A, its board of directors can help guide and advise it through the process. A legally formed board of directors has a fiduciary obligation to try to negotiate the best deal for its shareholders and, as this article discusses, may be involved at many stages of the transaction. This includes, on the buying side, ensuring that the acquisition’s rewards outstrip risks such as increased debt. On the selling side, a board can help make the case for the sale to shareholders and vet potential buyers.