What is fairness opinion document?

In the M&A context, a fairness opinion is a document provided by the seller's investment banker to the seller's board of directors attesting to the fairness of a transaction from a financial point of view.

What is a fairness opinion letter?

A fairness opinion is a letter addressed to the board of directors prepared by a professional advisor experienced in valuing securities and business enterprises. In the M&A context, the crux of the opinion often is that the acquisition consideration is fair, from a financial point of view, to the shareholders.

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Letter to Board of Directors - Fairness Opinion

San Diego California Letter to Board of Directors - Fairness Opinion

Name: San Diego California Letter to Board of Directors - Fairness Opinion
Brand: US Legal Forms
Rating: 4.64 (215 reviews)

Category:

Corporations - Public - Sale or Purchase of Capital Stock

State:

Multi-State

County:

San Diego

Control #:

US-CC-4-254

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This sample form, a detailed Letter to Board of Directors (Fairness Opinion) document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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Fairness opinions are most commonly completed for public companies, but private companies get them too. They are most commonly undertaken in connection with the purchase or sale of a company but may be advisable for other types of transactions: Management buyouts.

A fairness opinion is a report compiled by a qualified investment banker. What do Investment Bankers do? Investment bankers can work 100 hours a week performing research, financial modeling & building presentations.

Fairness opinions are not always required in transactions involving public companies, but they can be helpful in reducing the risk associated with major financial actions or purchases, including the risk of litigation.

In the M&A context, a fairness opinion is a document provided by the seller's investment banker to the seller's board of directors attesting to the fairness of a transaction from a financial point of view.

A fairness opinion is a report that evaluates the facts of a merger, acquisition, carve-out, spin-off, buyback, or another type of business purchase. It provides an opinion about whether or not the proposed stock price is fair to the selling or target company.

For most private equity-led acquisitions in the middle market, the need for an independent fairness opinion is not required. Typically, a buyout fund or growth equity fund negotiates with a privately-owned business and settles on a mutually agreed upon transaction price and structure.

In contrast an M&A valuation gives the management an indication or recommendation for the transaction price. Czaplinksi: A fairness opinion is limited to fairness from a financial point of view, as the individuals providing the opinion are financial and valuation professionals.

A fairness opinion is a letter addressed to the board of directors prepared by a professional advisor experienced in valuing securities and business enterprises. In the M&A context, the crux of the opinion often is that the acquisition consideration is fair, from a financial point of view, to the shareholders.

In preparing a fairness opinion, the investment advisors must look at the price, the terms of the sale, and the consideration to be received vis-a-vis the market rate for a similar transaction. When reviewing transactions, analysts try to look at the terms from the perspective of the company's investors.

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San Diego California Letter to Board of Directors - Fairness Opinion

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