At what point during the sale process does the sell-side adviser typically conduct extensive due diligence on the target?

At what point during the sale process does the sell-side adviser typically conduct extensive due diligence on the target?

At what point during the sale process does the sell-side adviser typically conduct extensive due diligence on the target? 






A) Prior to process launch
B) Prior to receipt of first round bids
C) During the second round
D) After the Definitive Agreement is signed but prior to the financing marketing period








Answer: A