Buy-Side Fairness Opinion


Summary

This template Buy-Side Fairness Opinion would be provided by an investment bank to the board of directors of a public company contemplating an acquisition. In the opinion, an investment bank formally states its conclusion that the consideration in an M&A transaction is fair, from a financial point of view, to the buyer. This template contains practical guidance and drafting notes. The opinion also sets forth the assumptions the investment bank made in reviewing the acquisition, disclaimers about the scope of its review, and disclosures of the investment bank's relationship with the buyer, the target, and their respective affiliates. For additional information regarding the purposes and content of fairness opinions, related financial analyses, and disclosure considerations, see Fairness Opinions in Mergers and Acquisitions. This template fairness opinion assumes that the transaction to which it relates is a reverse triangular merger in which the consideration payable to target ...