Driven by low interest rates, large corporate cash reserves, and a steady and sustained rise in the stock market, the aggressive mergers and acquisitions market of 2014 appears poised to charge full steam ahead into the new year. The increased competition for deals across a number of business sectors means that there is no guarantee that prospective buyers will secure deals even with bid offers with high cash flow multiples. Prospective buyers face a number of challenges in this competitive environment, including truncated diligence time frames, multiparty competitive auctions, and seller-friendly contract terms. To respond to these challenges, buyers are well-advised to adjust traditional environmental due diligence models to focus on obtaining critical information at critical junctures in the transaction process. Experienced environmental advisers can play a major role in fine-tuning that process in support of the deal.
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