What is a fairness opinion? a. A guarantee to a selling company that...
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Accounting
What is a fairness opinion?
a. A guarantee to a selling company that no higher price could be available for the acquisition of the company than the one currently on offer.
b. A letter written by a certified compensation consultant stating that the management team's compensation (including "golden parachute" arrangements) are fair in the context of the competitive market for experienced executives.
c. An opinion written by an independent law firm confirming that the fees being charged by an investment bank are fair.
d. An opinion written by an investment bank and delivered to a board of directors, evaluating a proposed transaction and stating that the key economic terms of the transaction are fair.
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