There is never enough time to respond to an unexpected or unwelcome approach from a predator.

• Would you be prepared?
• Could you defend your historical financial record and accounting policies, your reported strategy and performance against the market or industry peer group?

Our dummy bid defence review helps clients develop a blueprint to examine their business in order to prepare for an effective defence in the event of an unwelcome approach.

Once our client receives a formal approach from a bidder, the City Code on Takeovers and Mergers (the code) requires them to respond to the offer document within 14 days. If the bid is unexpected or hostile a robust defence will have to be mounted. A rehearsed and prepared defence helps enhance the speed, depth and credibility of management’s response. We work alongside the client service team and provide expert assistance in providing the comfort required by clients and their advisors on the content of documents, using our established bid support methodology:

• consensus on bid themes
• forensic analysis
• quick response team
• attack on bid vehicle
• attack the bidders benefit case
• deliver quick wins