Series 79: 12.1.2. Reviewing The Teaser, CA, And CIM

Taken from our Series 79 Online Guide

12.1.2. Reviewing the Teaser, CA, and CIM

A company that receives a teaser and hires a buy-side adviser in response is at least seriously considering following up on it. Nonetheless, the buy-side adviser needs to read the teaser and arrive at an independent judgment. If the buy-side adviser sees no reason to try to steer the client in a different direction, it will contact the sell-side adviser for a CA. The buy-side adviser will review and comment on the CA, and often send it to the client’s legal counsel for further review and possible nego

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