Auction Process Best Practices Checklist


Summary

This checklist sets out guidance for sell-side M&A counsel to ensure their clients and client's investment bank advisor employs best practices in running an auction process. Many of the potential risks a seller faces can be addressed by counsel in crafting the bid process letters and instructions, which can serve as a basis to discuss and guide sellers through a successful and fair auction process. For a discussion of the auction process, see Auction Process in M&A Deals. For templates of bid procedure and process letters, see Sell-side Initial Bid Process Letter, Sell-side Second Round Bid Process Letter and Sell-side Final Bid Process Letter.