I think the economy – and business confidence – are improving. The reason: During the past week, two of my clients received unsolicited acquisition overtures from well-known Bay Area companies.
I’ll readily admit that this? does not represent a statistically valid sampling of local businesses. Nevertheless, I find this development meaningful because the last time a client was acquired was years ago.
At the moment, I’m coaching these clients on negotiation tactics. Then, because I started working with each company after it was formed, we’ll make sure that corporate records are complete and up-to-date. (See What Must We Do if We?re Going to Be Acquired?)
I’m sad that I will lost valued clients, but I’m pleased that I will have a role in their successful exits – and that these transactions appear to be a sign that the business climate is improving.
Dana H. Shultz, Attorney at Law Â +1 510-547-0545 Â dana [at] danashultz [dot] com
This blog does not provide legal advice and does not create an attorney-client relationship. If you need legal advice, please contact a lawyer directly.