medium · Investment Banking ma-lbo
In the context of a virtual data room (VDR), why does a sell-side advisor often 'stage' the release of information?
- To ensure that all bidders have exactly 24 hours to review each document.
- To prevent the target's IT systems from crashing due to high traffic.
- To maintain competitive tension and protect sensitive data from non-serious bidders.
- Because SEC regulations require a 15-day waiting period between each folder opening.
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