sorry the last part should read (ensure you don&#39;t inherit creditors)<br><br><div class="gmail_quote">On Sat, Jun 5, 2010 at 3:04 PM, Joseph McDonald <span dir="ltr">&lt;<a href="mailto:mcdonaldoj@gmail.com">mcdonaldoj@gmail.com</a>&gt;</span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">I think the due deligence should be driven by why you want to buy the company in the first place.<br>
<br>France Telkom saw a company with lots of physical assets,good infrastructure which was under-utilised,So Telkom was bought not because of its performance but because of its potential.<br>
<br>They should have done an asset based due diligence to counter check all important physical assets and the infrastructure before buying.And lastly the list of creditors.(ensure you do inherit the creditors).<div><div>
</div><div class="h5"><br><br><br>
<br><div class="gmail_quote">On Fri, Jun 4, 2010 at 11:25 AM, aki <span dir="ltr">&lt;<a href="mailto:aki275@googlemail.com" target="_blank">aki275@googlemail.com</a>&gt;</span> wrote:<br><blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">

Have been reading about the TKL/Orange situation, there are many<br>
lessons to be learnt from the current saga. The problem is due<br>
diligence based on financial records may not be enough to justify<br>
partnerships. Books can be cooked, assets can be<br>
over-estimated/under-estimated as is the case with each parties case<br>
etc. Due diligence should also be based on performance, management and<br>
a proven track record to deliver.<br>
<br>
Which takes me to the next point : When local public companies take on<br>
board members, who performs the due diligence on such people? What<br>
criteria is used to say &quot; ok, so and so is a top manager/ceo at so<br>
place and is therefore a candidate for the board position who will<br>
take the public entity to a new level &quot;?<br>
<br>
Rgds.<br>
<br>
( Am away for some weeks, so reading mails very randomly.)<br>
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