Business, Legal & Accounting Glossary
A broad auction is an effective bidding method for attracting a large number of bidders for the sale of a company. This method is extremely effective in maximising the highest bid for the company’s sale. A large auction provides the seller with unrestricted exposure to potential buyers in the market.
A broad auction is a method of attracting the greatest number of bidders possible. The broad auction bidding method can cause the value of the company to rise as bidders compete for the company’s acquisition. This benefits the seller, who is looking for the best possible price for the company. The process of a broad auction can be time-consuming because each potential bid for the acquisition of the business is carefully evaluated. When a larger number of bidders are involved in the sales process, it is also more difficult to maintain confidentiality.
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This glossary post was last updated: 26th January, 2022 | 2 Views.