> This is a ton of time investment for a company that has no idea if an offer will be forthcoming, or if it would be in a ballpark where a deal would happen?
But the work can be reused for other candidates, and... this is about multi-million deals, the work will pay itself off.
I heard about a financial guy working his ass off (nights, weekends) for weeks if not months on end on getting part of the company acquired or sold off; in the end the deal was worth €100M, and I'm confident he owned a significant chunk of the part sold. I wouldn't mind working weekends / evenings for a while if it was for a "you can retire" sum of money.
But the work can be reused for other candidates, and... this is about multi-million deals, the work will pay itself off.
I heard about a financial guy working his ass off (nights, weekends) for weeks if not months on end on getting part of the company acquired or sold off; in the end the deal was worth €100M, and I'm confident he owned a significant chunk of the part sold. I wouldn't mind working weekends / evenings for a while if it was for a "you can retire" sum of money.