Honoring the LOI: When to Consider a Re-Trade

Typically when a firm goes to market there will be a letter of intent that is engaged upon. The letter of intent outlines the details of the M&A deal including timelines, terms, financials etc. Sometimes, when you enter into an LOI stage, there is something that can happen called a re-trade. We're talking about the benefits and pitfalls of a re-trade and what it means for all parties involved in an M&A transaction.