The valuation challenge with a hybrid security is to consider both the equity and debt components in a combined framework – this challenge is not without its tradeoffs.
With limited authoritative guidance around inventory valuation best practices in business combinations, these modifications may improve the valuation process.
Boards of directors can improve the likelihood of receiving a more defendable fairness opinion by making specific inquiries of their opinion provider.
In the high-end luxury market, where virtually all of an enterprise’s value derives from its brand or brand portfolio, the ability to accurately assess its value – to quantify and render tangible the intangible – is especially critical.
Our experience includes foreign and multinational acquisitions of all sizes in nearly every industry.
Company boards often seek third-party solvency opinions in connection with leveraged transactions to assist them in fulfilling their board duties.
Ahead of an uncertain 2018, senior VRC professionals provided their insights regarding trends in accounting, valuation, taxes and other industry practices.
The cult of celebrity and “Image Rights” receive a lot of publicity – and consequently the attention of tax authorities.
Companies will need to take more ownership of their valuations.
California Corporations Code Section 1203 requires an affirmative fairness opinion to provide target shareholders with greater protection in takeover transactions.