Which of the following is true about the due diligence process?
1) The due diligence process helps an acquirer determine the fair value of the assets of the acquiree.
2) The due diligence team usually consists of current employees of the acquiree.
3) The information uncovered during the due diligence process should be disregarded by the acquirer if its management is determined to pursue the acquisition.
4) The purpose of due diligence is to help the acquiree obtain the maximum price when selling its business.