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How to Approach Deal Targets

M&A Science

00:00

Do You Intentionally Go Lower?

"You don't wanna take people off, but you do have to manage their expectation," he says. "I'm thinking the last time someone came up with just a big number of strategies is probably been over years since that's happened." If they're high but they're ridiculously high, then I'll probably throw something lower and it's just the old psychological, meeting the middle, sort of the anchoring. You might be able to use that negotiation approach to the other situation where I can't get anything out of them.

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