The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
Fairness Opinions in the Sale of a Company: Context Is Key

Subscribe to Director Notes

When considering the sale of a company, boards commonly request and receive from a financial advisor a fairness opinion that evaluates, from a financial point of view, the fairness of the proposed consideration to the target company’s stockholders. This report discusses the aspects addressing the fairness opinion matters of a chancery court decision that criticized a board for relying on what the court described as a “weak” fairness opinion, particularly in light of other design features implemented as part of the sales process. It offers guidance regarding such opinions to directors seeking to meet their fiduciary duties during a sales process.

Director Notes (10 pgs)
Complimentary: Sign in or create an account to download.