I had a meeting 2 weeks ago with a larger company who are interested in forming either a partnership or merger with my company. The meeting went very well, and I followed up promptly after the meeting thanking those that were involved for there time. I know that arrived in their respective countries just over a week ago. I have not heard back regarding the decision to move forward or not. I am unclear on when or if I should reach out to them. It could be that they are formulating some plan or decisions or an offer who knows. I am trying to keep the anxiousness in check. Thoughts?
I wouldn't push for anything I would simply reach out to them to understand their timeline and process that they would use should they want to merge/buyout, etc. Pretty reasonable question to ask and that way you know the whole play from front to back.
I recently met with a merger candidate who was eager and wanted to meet but when I communicated that a possible merger might take 2 years to implement because of licensing, geography, office leases, employment redundancy, etc they were immediately turned off.
In order for a deal to work the deal has to make sense AND the timing has to be there for both parties.
You should feel comfortable asking these questions of the other party or they aren't taking you seriously. Buyers or merger candidates expect due diligence and questions throughout the process. Not asking would be a big red flag to me that the other party didn't know what they were doing or were timid communicators. Both of which would turn me off.
Answered 9 years ago
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