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Due diligence
An internal audit of a target firm by an acquiring firm. Offers are often
made contingent upon resolution of the due diligence process.
Due diligence
The process that companies, or more particularly their lawyers and accountants, carry out when one is about to acquire another. Basically, due diligence involves checking as much as possible about a company's financial performance and its liabilities before a deal is done, so that there are no nasty surprises afterwards. If, despite due diligence, there are some unforeseen surprises, the lawyers and accountants can expect heavy criticism from their client and possibly a lawsuit for negligence.
Similar MatchesDue diligence meetingDue diligence meeting
Meeting legally required to be held by an underwriter to enable brokers to question a new issuer about an upcoming issue.
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