The Share purchase transaction toolkit acts a guide to private company sale and purchase transactions structured as a share purchase. It provides an overview of each phase of a share purchase transaction and the tasks that lawyers are required to complete as part of each phase. The toolkit includes links to checklists, Precedents (with drafting notes), forms, Practice Notes and an explanation of the key drafting and negotiating points to consider in share purchase transactions.
Auction processes play an important role in particular industries, eg in the private equity industry, in government privatisations, or in large value transactions. A share sale by way of auction is designed to elicit competitive bidding for the target company amongst interested parties at the highest price and on the best possible terms. For the seller, there is a high certainty that the sale will be completed to a preferred bidder (which is preferable from management's point of view).
Auctions can be run with many bidders, or they can be targeted with a select few bidders. This will generally depend on the market in which the
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