fairness opinion

fairness opinion
USA
An opinion of a company's financial advisor (or investment banker), usually in the form of a letter to the board of directors that a sale or change of control transaction is fair to the company and its stockholders from a financial point of view. Most target companies engage their financial advisor to perform the analysis and render an opinion on the fairness of the proposed transaction. When stockholder approval is required to complete a transaction, the receipt of a fairness opinion gives the board additional comfort that it has satisfied its fiduciary duties in recommending approval of the deal. In some cases the acquiring company may also request a fairness opinion, especially if the transaction is material or otherwise significant to the buyer.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Fairness Opinion — Fairness Opinions sind Stellungnahmen eines unabhängigen Gutachters zur Vorteilhaftigkeit eines Unternehmens(ver)kaufs (Mergers Acquisitions) aus Sicht der Aktionäre. Inhaltsverzeichnis 1 Bestandteile 2 Anwendung und Publizität 3 Ziele und Inhalt …   Deutsch Wikipedia

  • Fairness opinion — Fairness Opinions sind Stellungnahmen eines unabhängigen Gutachters zur Vorteilhaftigkeit eines Unternehmens(ver)kaufs (Mergers Acquisitions) aus Sicht der Aktionäre. Inhaltsverzeichnis 1 Bestandteile 2 Anwendung und Publizität 3 Ziele und Inhalt …   Deutsch Wikipedia

  • Fairness opinion — A fairness opinion is a professional evaluation by an investment bank or other third party as to whether the terms of a merger, acquisition, buyback, spin off, or going private are fair. It is rendered for a fee. [… …   Wikipedia

  • Fairness Opinion — A report evaluating the facts of a merger or acquisition. Fairness opinions are compiled by qualified analysts or advisors, usually of an investment bank, for key decision makers. The report examines the fairness of the offered acquisition price …   Investment dictionary

  • fairness opinion — nuomonė dėl kainos teisingumo statusas T sritis turto vertinimas apibrėžtis Nuomonė, ar už verslo subjekto pardavimą ar perdavimą gauta kaina yra teisinga akcijų turėtojų atžvilgiu. atitikmenys: angl. fairness opinion ryšiai: susijęs terminas –… …   Lithuanian dictionary (lietuvių žodynas)

  • fairness opinion — An investment banker s professional opinion as to the price an acquiring firm s is offering in a takeover or merger. Bloomberg Financial Dictionary …   Financial and business terms

  • Fairness and Accuracy in Reporting — Fairness Accuracy In Reporting (FAIR) is a progressive media criticism organization based in New York City, founded in 1986. FAIR describes itself on its website as the national media watch group and defines its mission as working to invigorate… …   Wikipedia

  • Fairness Doctrine — The Fairness Doctrine was a policy of the U.S. Federal Communications Commission (FCC) that required the holders of broadcast licenses both to present controversial issues of public importance and to do so in a manner that was (in the FCC s view) …   Wikipedia

  • Fairness of the Russian presidential election, 2008 — The fairness of the 2008 Russian presidential election is disputed, with election monitoring groups giving conflicting reports. Most official reports accept that not all candidates had equal media coverage and that some election monitoring groups …   Wikipedia

  • opinion letter — Letter issued by a certified public accountant to accompany financial statements. The opinion letter has two parts. One describes the scope of the accountant s work in the preparation and testing, if any, related to the preparation of the… …   Financial and business terms

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