RE:RE:Positive Thoughts and ResearchThe timeline that I found comes from this website...
https://dealroom.net/blog/sell-side-mergers-and-acquisitions-process But here is a summary of the timeline in case my link doesn't inbed into this post.
Organization(4 - 8 Weeks) • Review strategy and timing • Advisor due diligence • Prepare teaser and memorandum • Finalize financial model • Finalize buyer/investor list
Marketing(5 - 7 Weeks) • Contact buyers/ investors, send out
teaser and NDA • Provide memorandum • Prepare manage-ment presentation
Solicit Initial Indications(2 - 3 Weeks) Solicit initial indications of
interest • Enter second round discussions and select parties for management meetings • Answer follow-up questions
Diligence(4 - 6 Weeks) Hold management presentations Provide access to data room • Formalized process for additional diligence requests - Begin detailed business, financial, legal, tax and accounting due diligence
Solicit Detailed Bids(2 - 3 Weeks) • Evaluate and negotiate by playing interested LLP parties against each other • Choose best options • Draft purchase agreement and related documents
Final Negotiations (M&A Strategy) • Confirmatory due diligence • Final contract negotiations and documentation • Close and announce transaction
As you can see, USCG has had plenty of time and I believe that we could be in the final negotiation stage.