The Acquisition Screener

Screen this potential acquisition and tell me whether it's worth pursuing.

Target: [DESCRIBE — WHAT THEY DO, SIZE, FINANCIALS]
Strategic rationale: [WHY WE'D BUY THEM]
Rough price expectation: [AMOUNT OR MULTIPLE]
Our situation: [ACQUIRER PROFILE, FUNDING, INTEGRATION CAPACITY]

Provide:
1. The strategic fit — real synergies vs wishful ones
2. A first-pass valuation and whether the expected price makes sense
3. Where the value would actually come from (revenue synergy, cost
   synergy, capability)
4. The integration risks and deal-breakers to diligence
5. A proceed / pass / proceed-with-conditions call for a first screen

Be sceptical about synergies — most acquisitions disappoint because they
were overpaid for on optimistic ones.