Sentences with phrase «fairness opinion»
A fairness opinion is a professional evaluation or assessment conducted by an independent third party to determine whether a financial transaction, such as a merger, acquisition, or sale, is fair to the parties involved. It helps to ensure that the deal is reasonable, just, and provides equitable value for all interested parties. Full definition
5 Recent decisions from Canadian courts have again put fairness opinions in the spotlight.
torys.com
Oberon provides (i) comprehensive restructuring support in highly complex turnaround, distressed, and bankruptcy transactions; and (ii) a broad suite of valuation services including fairness opinions in connection with mergers & acquisitions, portfolio valuation and expert testimony in connection with litigation.
The companies» special board committees have also hired financial advisers to help them deliver fairness opinions, the sources added.
Evercore is acting as financial advisor to a committee of independent directors of T - Mobile and rendered a fairness opinion, and Latham & Watkins is providing legal counsel to the committee of independent directors.
We have also advised on take private transactions, committee advisory services, fairness opinions and recapitalizations.
He has executed $ 20 billion of transactions throughout his career including M&A, public and private debt and equity offerings, fairness opinions, and strategic advisory.
Barclays served as the lead financial advisor to Tenneco and provided a fairness opinion to Tenneco's Board of Directors.
Let me go through a few critical bits of the fairness opinion:
Those who have read me for a long time know that I am neither biased for or against any «fairness opinion.»
The fairness opinion was correct, and the contesting value investors were dead wrong.
With National Atlantic, I think the fairness opinion does not truly represent the value of the company.
Closing of the transaction, which is expected to take place on or before July 31, 2010, is subject to completion of a fairness opinion, completion of due diligence and final approval of the merger by Aspen's board of directors, among other conditions.
-- The special committee engaged Berkshire Capital to provide a fairness opinion.
The board got a fairness opinion from an investment bank (it actually used several assessments done by several different investment banks).
«At the time that Hempstead rendered its fairness opinion, and assuming a mid-2009 closing, our management estimated that our residual cash, after transfer of all of the operating assets and $ 3,000,000 in cash at closing of the Merger, drawn - down portion of the $ 1,000,000 line of credit, and various wind - down activities, would be approximately $ 14,000,000.»
Because the deal involved related companies, bankers from RBC Dominion Securities were asked to issue a fairness opinion to an independent committee of Timminco directors.
Buying up to say $ 0.23 means getting paid $ 0.03 to hold a free option on the VSW stock, which, according to Hempstead, the financial consultant providing the fairness opinion, could be worth between $ 0.11 and $ 0.19 per share.
Most law firms will spend a great deal of time in an M&A deal focused on nominal risk mitigation in areas like negotiation of reps and warranties, establishing board governance processes, and even eliciting a «fairness opinion.»
Bracewell also regularly represents conflicts committees in drop - downs, MLP buy - ins and mergers, incentive distribution right (IDR) waivers and restructurings, preferred unit issuances and other related - party transactions, investment banking firms in fairness opinions rendered to conflicts committees of MLPs and lenders to MLPs.
He found that the decision to enter into the Black Sea transaction was made before the directors received certain information including a fairness opinion.