This Practice Note explains the purpose and key components of a bid process letter (also known as a bid procedure letter) in an M&A auction, outlines important disclaimers and reservations to consider when drafting the letter and highlights best practices in bidding procedures.
Robert S. Reder and Dean W. Sattler, Milbank, Tweed, Hadley & McCloy LLP
The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.
A free trial will give you:
Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area