March 3, 2017
Chuck Johnson, director and shareholder at Briggs and Morgan, recently shared his merger and acquisition expertise with the Minneapolis/St. Paul Business Journal in a panel discussion featuring local M&A experts. When asked what things blow up deals, Johnson responded, “At the pre-LOI stage, it’s personalities and relationships. If the principals don’t get along, particularly if management needs to remain post-closing, the deal is unlikely to close. After the LOI is signed, an accountant’s analysis that reflects unexpectedly poor quality of earnings is the most likely candidate to blow-up a deal.”
Read the article here.