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Getting Market Authorization for a product with blockbuster potential has been a consistent sign in my experience if the company isn’t big enough it is going to get acquired.
1) company wide surveys
2) layoffs to trim excess cost
Press releases of any kind
Asset inventory, requests for documentation on any ongoing projects/assets, delays in hiring (with no explanation)…
Requests for performance reviews (e.g. sales performance) off cycle
I request a ton of dataroom materials so typically the corp dev team might seem to be randomly asking for documents from other functions / business units out of the blue