15
Nov
By Jeff Phillips | T. J. Hope | STOUT
How to select a fairness opinion provider
A fairness opinion is a letter summarizing an analysis prepared by an investment bank or independent third-party which indicates whether certain financial elements of a transaction, such as price, are fair to a specific participant in the transaction, from a financial point of view. While not required by law, fairness opinions are commonly used in M&A transactions to assist the board, a special committee...