Although a M&A operation is quite straight forward in terms of legal & financial aspects, ethics can also play a vital role in the process.
As a seller, we should oblige ourselves to share as maximum information to the potential buyers as maximum regardless how controversial it may be.
As a buyer if we confront unethical situations, a mitigation plan should be implemented accordingly? Should we, for example, notify the authorities that we’ve been aware that in the past the target company has conducted any illegal activity? Should we accept privileged information that could benefit us in securing the M&A deal?
No matter what type of operation we are dealing with, ETHICS always comes first (or at least that should be the case…)!