‘Hostile’ M&A Escalation Decision Tree

‘Hostile’ M&A Public Escalation Analytical Framework–
I have participated in as well as examined over three dozen M&A’s over the years. What I find is an absence of a common analytical framework applicable across historical experiences of the United Kingdom, the United States, and Japan. Much has to do with differences in takeover regulation I suspect. Still, distilling my experience, I have attempted to create a general approach applicable to the public escalation phase. I present this below.