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.

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Letter to Board of Directors - Fairness Opinion

Broward Florida Letter to Board of Directors - Fairness Opinion

Name: Broward Florida 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:

Broward

Control #:

US-CC-4-254

Format:

Instant download

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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 provided to the key decision makers in the target/selling company and are written by qualified analysts or advisors, usually of an investment bank.

A couple factors make the actual construction of the Fairness Opinion especially painful: You are under extreme time pressure You get a few days, and sometimes up to a week or a bit longer. This happens because the process is last-minute and occurs only when everyone is 99% sure the deal is going through.

Sometimes fairness opinions are required in the sales of public companies. Fairness opinions are most often requested as part of a merger or acquisition. Fairness opinions are not always required in transactions involving public companies, but they can be helpful in reducing litigation risk.

Fairness opinions are filled with SEC and stored in the EDGAR database which is available to the public.

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.

Private company owners with controlling interests have historically not found it necessary to hire outside financial advisors to provide fairness opinions on proposed transactions.

Typically, fairness opinions for public companies will cost more than private companies because there are usually more shareholders and increased scrutiny of the deal in question. We've seen many fairness opinions in the lower and middle markets of private companies cost in the neighborhood of $50,000 to $100,000.

A fairness opinion is a letter summarizing an analysis prepared by an investment bank or independent third party, which indicates whether certain financial elements in a transaction, such as price, are fair to a specific constituent, from a financial point of view.

A fairness opinion is a financial advisor's perspective as to whether the price to be paid or received in a transaction is fair to the client's shareholders.

While not required by law,2 fairness opinions are commonly used in M&A transactions to assist the board, a special committee of the board, or other fiduciaries in assessing the fairness of the financial terms of a transaction, as of a specific date and based on a given set of assumptions.

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At Leadership Broward, we listen to the community. What the local nonprofits have been asking for is a way to meet more qualified potential board members.CLICK HERE to view a video of our current MPO Board of Directors. View the TARO U.S. Securities and Exchange Commission reporting information. Systematic fair treatment of people of all races, resulting in equitable opportunities and outcomes for all. Racial justice — or racial equity — goes beyond. Towards completing the contract. Upon successful completion, the charges will not appear on their record.

Broward Florida Letter to Board of Directors - Fairness Opinion

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