1. Which of the following is NOT a potential weakness of a targeted auction process?
a. Employee moral might be negatively affected
b. Collusion among bidders
c. Information leakage
d. Likelihood of leaving "money on the table"
2. The potential advantages of a negotiated sale include all of the following EXCEPT:
a. Able to focus on strategic buyer with high likelihood of realizing synergies
b. Process tailored to potential bidders relative to an auction process
c. Less leverage over bidders relative to an auction process
d. Compressed timetable relative to an auction process
3. Which of the following is LEAST relevant when evaluating potential financial sponsor buyers?
a. Investment strategy
b. Number of partners at fund
c. Sector focus
d. Fund size