It may be tempting to hunker down and share as little information about potential M&As. In the very beginning, this might be necessary, but as the process progresses, there will come a time when the sharing of information with employees, partners and eventually even customers, becomes a practical necessity.
"As long as people know what to expect, even if they are impacted negatively, that is a better situation than leaving it open," said Rick Hamada (pictured), CEO of Avnet, which has acquired more than 85 companies in the last 20 years. "Uncertainty or lack of information is the worst-case scenario. If you don't give them a version of what's going to happen, they will come up with their own, which will often be more drastic than what you're actually contemplating."