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How to Approach Deal Targets

M&A Science

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Nudge, What Sort of Proceeds Are You Looking For?

The last thing I want to do is overpay for a business. Don't throw the first offer out, that's the first rule. We want to get a number out of them. If they dodge that a few times and we will give an initial number,. But it'll be on the low end, trying to take advantage of the anchoring effect.

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