Article

How To Help Clients Guard Against Interloping Bidders

Law360

16 Feb 2018

A thorough auction process is the key to avoiding interloping bidders in an M&A deal according to Robert S. Townsend, co-chair of Morrison & Foerster’s global M&A Group, in the Law360 article “How To Help Clients Guard Against Interloping Bidders.”

“The likelihood of a topping bidder emerging and being successful often depends on how broadly the company was marketed before entering into the original deal,” he said. “The more the market has been tested upfront, the less likely it is a topping bid will emerge.”

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