Additionally, the board can divest the Telephone Number List company to raise the necessary financing to implement an MBO. This can be done entirely at the expense of the seller. The board's control of a private sale is, however, limited by its financing Telephone Number List sources and by the need to protect the interest of minority shareholders.
Private Auction: o The board can also Telephone Number List conduct the sale through an auction yet still support an MBO as one of the bidders. The company can assist the MBO by using corporate funds to help fund the management's retention of expert advisors. It can also give management complete access to company books, records, and advisors. This offers the seller an additional bidder with certain competitive advantages and may result in the seller Telephone Number List getting a higher price for the company than it might otherwise have obtained.
Where the company is in distress, this often Telephone Number List assures the seller of having at least one non-liquidation bidder for the company. Management-Initiated Buyout: o A management-initiated buyout is typically Telephone Number List initiated by senior management and can be supported by the board and owners of the company, even to the extent of providing corporate funds to conduct such an effort.