Want FREE Templates on Digital Transformation? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.

  Please register (it's free!) or login to view the remaining preview.
If you are logged in, your referral link [?] is automatically included below.
EMBED CODE (Copy and Paste)


  1. Phase 1 process letter - Outlines the basis on which bidders may make an offer
  2. Phase 2 process letter - Outlines the process to access information to enable bidders to submit a final binding offer


These letters accompany the confidential information memorandum distributed to potential bidders in an M&A process.

Bid process letters address:
- The schedule (i.e. timetable, number of bidding rounds and deadlines for bid submissions);
- Instructions for obtaining data room access
- Contact information for all notices and communications; and
- Terms bidders should include in an offer package.

The phase I process letter outlines the basis on which a bidder may make an offer and to set out the process that is expected to be followed with respect to a Proposed Transaction.

The phase II process letter invites successful bidders to the next stage of the process. During Phase II, the process through which access to additional information on the Target is outlined to enable bidders to submit a final binding offer.

These documents are useful in any M&A practitioners, CEOs, CFOs, venture capitalists, transaction advisory consultants and private equity fund managers arsenal of resources.

Got a question about the product? Email us at [email protected] or ask the author directly by using the form to the right. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: M&A Process Letter - Phase I and Phase II Word document

This document is available as part of the following discount bundle(s):

Transaction Advisory (M&A) Agreements Toolkit Bundle
Transaction Advisory (M&A) Toolkit Bundle
Top Flevy Author [?]

M&A Process Letter - Phase I and Phase II

Sold by Corporate Finance 101 (this author has 33 documents)


Add to Cart

This business document is categorized under the function(s):

It applies to All Industries

File Type: Word (docx)

File Size: 34.1 KB

Number of Pages: 5

Related Topic(s): M&A (Mergers & Acquisitions)

Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.

This product contains a supplemental DOCX document.

Initial upload date (first version): Apr 13, 2019
Most recent version published: Apr 14, 2019

Ask the Author a Question

Must be logged in Click here to log in



Since 2012, we have provided best practices to over 5,000 businesses and organizations of all sizes across the world—in over 130 countries. Below is just a very small sample of our customer base.

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.


Excel workbook
28-slide PowerPoint deck
79-slide PowerPoint deck
56-slide PowerPoint deck
118-slide PowerPoint deck
22-slide PowerPoint deck
Author: LearnPPT
42-slide PowerPoint deck
Author: alex
Excel workbook
164-slide PowerPoint deck



Become your organization's resident expert on...

Digital Transformation
Strategy Development
Organizational Design (OD)
Performance Management
Post-merger Integration (PMI)
Business Transformation
Organizational Culture (OC)
Change Management
Interested in something else? Browse our 350+ Business Toolkits of best practices, each focused on a specific management topic.