Arthur Drake is looking at expanding his bakery business. He has been in this line of business for the last six years and feels that it is the right time for him to grow. He has looked at many options for growth, such as growing through a merger or an acquisition. After thorough investigation, he has finally decided to proceed with acquisition. It is very important for him now to exercise care in finding the right acquisition candidates and completing the whole process. What steps should he take to complete the acquisition?