Q: A competing business offered to take over my business (essentially buying it out) and I'm interested. How long does an
acquisition generally take?
A: A few weeks to a few years, depending on how complicated the business is, whether you are agreed on the price, whether licenses need to be transferred, whether you agree on future non-competition obligations, other business factors, and whether you have lawyers who focus on getting the deal closed.
A: The time depends on the complexity of the acquisition and the terms of the acquisition. Once the terms are set it can probably be done rather quickly. Delay will depend on whether contracts need consent to be transferred, loans and financing issues and time for shareholder approvals.
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