The January-February Issue of the Deal Lawyers newsletter includes an article written by Chad Rucker, managing director of VRC’s New York office. In the article, Rucker examines the conflicts that exist in typical M&A assignments where a board of directors may hire an investment bank to provide advisory services.
“Often, that investment bank will also provide the board with a fairness opinion for a fixed fee,” says Rucker, “Many potential conflicts exist in such an arrangement.”
Enjoy your complimentary copy of this subscriber-only publication: Fairness Opinions: How to Avoid Conflicts of Interest
More Perspectives: Fairness Opinions
Receiving Dependable Fairness Opinions
Boards of directors can improve the likelihood of receiving a more defendable fairness opinion by making specific inquiries of their opinion provider.
The Only Legal Requirement for Fairness Opinions
California Corporations Code Section 1203 requires an affirmative fairness opinion to provide target shareholders with greater protection in takeover transactions.
Keys to Avoiding Failed M&A Deals
50 percent of M&A deals fail. How can a board avoid deal failure before an acquisition?