fairness opinion

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Fairness opinion

An investment banker's professional opinion as to the price an acquiring firm is offering in a takeover or merger.

fairness opinion

An independent opinion characterizing the fair value of a firm's stock. A fairness opinion is frequently obtained by a majority owner of a company that is attempting to buy out the interests of minority shareholders. For example, Royal Dutch Petroleum, the 70% owner of Shell Oil, sought a fairness opinion from Morgan Stanley in an attempt to set a price on the shares it wished to purchase from Shell's minority stockholders. See also squeeze-out.

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No references found			In the wake of that decision, corporations and directors increasingly have been advised to obtain fairness opinions from independent providers and told that using only the same bankers that are doing the deal to provide a fairness opinion may leave the board members relying on a biased fairness opinion, and thus exposed to lawsuits. A tale of two fairness opinions; Last year brought us FINRA Rule ... by Kempf, Donald G. Jr. / Directors & Boards One key admonition is getting a fairness opinion on the price of the transaction. Fairness opinion rule applies to Dell, too by Marshall, Jeffrey; Heffes, Ellen M. / Financial Executive The last sections of the book contain sample reports for several ESOP-related purposes--one for a proposed ESOP transaction including a fairness opinion and one for an existing ESOP valuation. Guide to ESOP Valuation and Financial Advisory Services, 2d ed by Ludwig, William C. / Journal of Accountancy			Fair and Accurate Credit Transaction Act of 2003 Fair Credit Billing Act Fair Credit Reporting Act Fair Debt Collection Practices Act Fair Disclosure Fair Funds for Investors Fair Game Fair Housing Act Fair Isaac Company score Fair Labor Standards Act Fair Market Price fair market value Fair Packaging & Labeling Act Fair Plan Fair Presentation Fair Price Fair Price Amendment Fair Price Provision Fair Rate of Return Fair Rental Value Fair Trade Acts Fair Trading Act of 1986 Fair Value Fair Weather Fund Fair-and-equitable test fairness opinion Fairway Bond Fakelaki Fakeout Falencia Falido Falkland Islands Pound Fall Down Fall Money Fall Out of Bed Falla del mercado Fallen Angel Fallen Angels Fallido falling knife Fallout Fallout Risk False accounting false advertising Falta de objectividad Fama and French Three Factor Model Fama, Eugene F. FAMC Familia de fondos familial status Familienunternehmen			Fairmont State University Fairmont, MN, USA - Fairmont Municipal Fairmont, Morgantown & Pittsburgh Fairmont/Morgantown Housing Authority Fairmount Area Business Association Fairmount Civic Association Fairmount Community Development Corporation Fairmount General Hospital Fairmount Park Art Association Fairmount Park Commission Fairmount Park, East and West Fairmount Water Works Interpretive Center fairness fairness fairness fairness Fairness & Accuracy In Reporting Fairness and Accountability in Broadcasting Act Fairness and Accountability in Insurance Reform fairness commission fairness doctrine fairness doctrine fairness doctrine Fairness in Asbestos Resolution Act of 2003 Fairness in Media Fairness in Procurement Alliance Fairness in Set-Aside Procurement Coalition fairness opinion Fairness Round-Trip Time Fairness to Contact Lens Consumer Act Fairness, Race Awareness and Equality Fife Fairoaks Airport FairPlay Fairplay (disambiguation) Fairplay (disambiguation) FairPlay (DRM) Fairport Crew Club, Inc. Fairport Harbor Public Library Fairport State Recreation Area Fairport, Painesville, & Eastern Railway Company fairs fairs fairs fairs fairs Fairs & Exhibitions FAIRSO Fairstar Heavy Transport FairTest Fairthorpe Sports Car Club Fairtrade Labelling Organizations International FairUCE Fairuse Fairuse Fairview Fairview Free Public Library

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