In this episode, Gerry Adolph, a Senior Partner at Strategy& and leader of the firm's mergers and restructuring group, shares his insights on what boards of directors need to keep in mind as the M&A environment continues to heat up. He addresses topics including the biggest risks for boards in looking at prospective transactions, how directors should assess different types of deals, what boards should consider when a suitor comes knocking, and how to deal with hostile transactions. Note: This podcast was originally published by Booz & Company in 2010.