Five Questions the Board Might Ask About a Target Acquisition

For most companies, an acquisition of another company is a high-stakes activity with significant and long-term impact on the business. Given the importance of mergers and acquisitions (M&A), a firm’s board of directors can play a crucial role in evaluating and approving deals. Indeed, whether a company is the acquirer or the target, its board has a fiduciary duty to oversee significant M&A activity – including the valuation, a particularly important part of this oversight.