
The Deal Isn’t Done Until the Money Clears: How Buyers Quietly Renegotiate After You’ve Said Yes
You’ve signed the letter of intent. The price is set. The deal feels real. But in business sales, the LOI is not the finish line — it’s where the real negotiation begins.
Many business owners enter this phase assuming the hardest part is behind them. In reality, sophisticated buyers — especially private equity firms and strategic acquirers — use the due diligence period to renegotiate terms, reduce price, and shift risk. This process, known as “retrading,” is not unusual. It’s expected.

