Build-to-Buy and Option Structures
M&A Science
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The Importance of Diligence in Acquisitions
If the whole intention is down the road, it would be an acquisition for your portfolio. And essentially, you're making similar bets through your own organic R&D function. You put a fair amount of money at risk based on the conviction you have from being so focused in the space and knowing what might work. Can you give me the reasons why you ultimately wouldn't end up doing the process? There can be a range of strategic reasons.
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