Market Check (M&A Glossary)

Summary

A marketplace analysis that is usually performed by an investment banker for a target’s board of directors to ascertain if an offer to acquire control of the target is fair or not. Market checks can be done either pre-bid (conducted prior to the receipt of a binding offer, as part of the target’s intelligence gathering as to what could be a fair price) or post-bid (after receipt of a binding offer, to see if a superior offer might still be out there).